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BENCHMARK FEDERAL CREDIT UNION

Jun, 30, 2021 — BENCHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in West Chester, PA with 3 branch locations and about $253.97 million in total assets. Opened 81 years ago in 1940, BENCHMARK FEDERAL CREDIT UNION has about 10,770 members and employs 36 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)
PO Box 2387
West Chester, PA 19380
Phone:(610) 429-1600
Fax:(610) 429-1607
Website:https://www.benchmarkfcu.org
Branches:3 branch locations
Members:10,770
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$253,966,385
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 5,943,208
TOTAL INVESTMENTS 79,844,665
Loans Held for Sale 0
 
 Real Estate Loans 129,755,182
 Unsecured Loans 12,561,376
 Other Loans 20,840,908
 TOTAL LOANS 163,157,466
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,351,862
 Land And Building 1,209,861
 Other Fixed Assets 161,464
 NCUSIF Deposit 1,863,386
 All Other Assets 3,138,197
  TOTAL ASSETS 253,966,385
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 413,074
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 50,392,691
 Regular shares 75,507,426
 All Other Shares & Deposits 98,632,375
  TOTAL SHARES & DEPOSITS 224,532,492
  TOTAL LIABILITIES 224,945,566
 Regular Reserve 4,954,900
 Other Reserves -188,045
 Undivided Earnings 24,253,964
  TOTAL EQUITY 29,020,819
  TOTAL LIABILITIES, SHARES, & EQUITY 253,966,385
INCOME & EXPENSE  
 Loan Income 3,170,067
 Investment Income 362,162
 Other Income 66,941
 Total Employee Compensation & Benefits 1,787,847
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,696,091
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 464,446
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 119,759
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