Dec, 31, 2023 — BENCHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in WEST CHESTER, PA with 3 branch locations and about $310.87 million in total assets. Opened 84 years ago in 1940, BENCHMARK FEDERAL CREDIT UNION has about 10,412 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BENCHMARK FEDERAL CREDIT UNION |
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Address: (Main Office) | 1522 McDaniel Dr WEST CHESTER, PA 19380 |
Phone: | (610) 429-1600 |
Fax: | (610) 429-1607 |
Website: | https://www.benchmarkfcu.org |
Branches: | 3 branch locations |
Members: | 10,412 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3738 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $310,870,134 |
CEO/Manager: | Daniel J Machon Jr |
Chairperson: | Adam Lush |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,550,041 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 216,839,078 |
Unsecured Loans | 13,887,050 |
Other Loans | 31,333,342 |
TOTAL LOANS | 262,059,470 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,783,091 |
Land And Building | 1,106,409 |
Other Fixed Assets | 418,885 |
NCUSIF Deposit | 2,339,522 |
All Other Assets | 0 |
TOTAL ASSETS | 310,870,134 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,048 |
Notes & Interest Payable | 19,401,608 |
Accounts Payable & Other Liabilities | 555,195 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 45,625,033 |
Regular shares | 67,678,013 |
All Other Shares & Deposits | 152,366,148 |
TOTAL SHARES & DEPOSITS | 265,669,194 |
TOTAL LIABILITIES | 285,636,045 |
Regular Reserve | 0 |
Other Reserves | -5,942,211 |
Undivided Earnings | 31,176,300 |
TOTAL EQUITY | 25,234,089 |
TOTAL LIABILITIES, SHARES, & EQUITY | 310,870,134 |
INCOME & EXPENSE | |
Loan Income | 10,389,773 |
Investment Income | 1,124,812 |
Other Income | 169,295 |
Total Employee Compensation & Benefits | 2,832,345 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,255,309 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 310,000 |
Cost of Funds | 5,114,373 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 752,906 |
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