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BROOKLAND FEDERAL CREDIT UNION

Jun, 30, 2021 — BROOKLAND FEDERAL CREDIT UNION is a federal credit union headquartered in West Columbia, SC with 1 branch location and about $4.45 million in total assets. Opened 22 years ago in 1999, BROOKLAND FEDERAL CREDIT UNION has about 1,292 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 053285487
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:1,292
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,447,320
CEO/Manager:Ronald A Cooley
Chairperson:Ivan Earle

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,259,792
TOTAL INVESTMENTS 28,333
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 142,285
 Other Loans 2,941,521
 TOTAL LOANS 3,083,806
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -59,725
 Land And Building 0
 Other Fixed Assets 64,548
 NCUSIF Deposit 35,731
 All Other Assets 34,835
  TOTAL ASSETS 4,447,320
LIABILITIES & CAPITAL:  
 Dividends Payable 4
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 26,002
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,177,338
 Regular shares 2,570,636
 All Other Shares & Deposits 407,271
  TOTAL SHARES & DEPOSITS 4,155,245
  TOTAL LIABILITIES 4,181,251
 Regular Reserve 191,224
 Other Reserves 0
 Undivided Earnings 74,845
  TOTAL EQUITY 266,069
  TOTAL LIABILITIES, SHARES, & EQUITY 4,447,320
INCOME & EXPENSE  
 Loan Income 82,121
 Investment Income 1,896
 Other Income 29,553
 Total Employee Compensation & Benefits 62,655
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 75,588
 Non-operating Income & (Expense) 37,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,950
 Cost of Funds 1,353
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,647
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