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BENCHMARK FEDERAL CREDIT UNION

Mar, 31, 2022 — BENCHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in WEST CHESTER, PA with 3 branch locations and about $271.20 million in total assets. Opened 82 years ago in 1940, BENCHMARK FEDERAL CREDIT UNION has about 10,324 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
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:10,324
Credit Union Type:Federal Credit Union
Charter Number:3738
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$271,202,656
CEO/Manager:Daniel J Machon Jr
Chairperson:Cristine Watrous

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 23,506,509
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 148,034,743
 Unsecured Loans 12,907,353
 Other Loans 23,868,404
 TOTAL LOANS 184,810,500
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,317,632
 Land And Building 1,194,700
 Other Fixed Assets 168,410
 NCUSIF Deposit 1,953,181
 All Other Assets 0
  TOTAL ASSETS 271,202,656
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 402,153
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 54,857,771
 Regular shares 79,773,437
 All Other Shares & Deposits 109,753,597
  TOTAL SHARES & DEPOSITS 244,384,805
  TOTAL LIABILITIES 244,786,958
 Regular Reserve 0
 Other Reserves 1,616,798
 Undivided Earnings 24,798,900
  TOTAL EQUITY 26,415,698
  TOTAL LIABILITIES, SHARES, & EQUITY 271,202,656
INCOME & EXPENSE  
 Loan Income 1,582,390
 Investment Income 179,594
 Other Income 42,373
 Total Employee Compensation & Benefits 839,567
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 876,479
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 180,906
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 108,595
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