Jun, 30, 2024 — BP FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 4 branch locations and about $144.69 million in total assets. Opened 88 years ago in 1937, BP FEDERAL CREDIT UNION has about 6,799 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 13501 Katy Fwy Ste 1150 HOUSTON, TX 77079-1305 |
| Phone: | (281) 870-8000 |
| Fax: | |
| Website: | https://www.bpfcu.org |
| Branches: | 4 branch locations |
| Members: | 6,799 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24445 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $144,689,405 |
| CEO/Manager: | Robert Corolla |
| Chairperson: | Janiece Andrus |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,968,217 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 89,764,088 |
| Unsecured Loans | 5,729,811 |
| Other Loans | 22,754,952 |
| TOTAL LOANS | 119,935,064 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,971 |
| Land And Building | 0 |
| Other Fixed Assets | 937,766 |
| NCUSIF Deposit | 1,219,285 |
| All Other Assets | 0 |
| TOTAL ASSETS | 144,689,405 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,437 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 664,439 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,083,107 |
| Regular shares | 41,893,393 |
| All Other Shares & Deposits | 42,415,928 |
| TOTAL SHARES & DEPOSITS | 127,392,428 |
| TOTAL LIABILITIES | 128,073,304 |
| Regular Reserve | 0 |
| Other Reserves | 658,628 |
| Undivided Earnings | 15,957,473 |
| TOTAL EQUITY | 16,616,101 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 144,689,405 |
| INCOME & EXPENSE | |
| Loan Income | 3,108,891 |
| Investment Income | 164,833 |
| Other Income | 68,333 |
| Total Employee Compensation & Benefits | 1,495,361 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,386,625 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -42,202 |
| Cost of Funds | 453,373 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 884,956 |
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