Jun, 30, 2023 — BROOKLAND FEDERAL CREDIT UNION is a federal credit union headquartered in WEST COLUMBIA, SC with 1 branch location and about $4.92 million in total assets. Opened 24 years ago in 1999, BROOKLAND FEDERAL CREDIT UNION has about 1,262 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BROOKLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 949 Sunset Blvd WEST COLUMBIA, SC 29169 |
| Phone: | (803) 794-9201 |
| Fax: | (803) 794-9204 |
| Website: | https://www.brooklandfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,262 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24623 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1999 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,919,089 |
| CEO/Manager: | Ronald A Cooley |
| Chairperson: | Ivan Earle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 348,077 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 141,231 |
| Other Loans | 3,276,710 |
| TOTAL LOANS | 3,417,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,856 |
| Land And Building | 0 |
| Other Fixed Assets | 58,094 |
| NCUSIF Deposit | 40,016 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,919,089 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 275 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,586 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,189,130 |
| Regular shares | 2,852,983 |
| All Other Shares & Deposits | 429,367 |
| TOTAL SHARES & DEPOSITS | 4,471,480 |
| TOTAL LIABILITIES | 4,490,341 |
| Regular Reserve | 0 |
| Other Reserves | 215,559 |
| Undivided Earnings | 213,189 |
| TOTAL EQUITY | 428,748 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,919,089 |
| INCOME & EXPENSE | |
| Loan Income | 129,807 |
| Investment Income | 13,143 |
| Other Income | 34,419 |
| Total Employee Compensation & Benefits | 108,778 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 128,402 |
| Non-operating Income & (Expense) | 202,929 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,343 |
| Cost of Funds | 2,195 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 141,357 |
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