Dec, 31, 2022 — BENCHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in WEST CHESTER, PA with 3 branch locations and about $308.31 million in total assets. Opened 83 years ago in 1940, BENCHMARK FEDERAL CREDIT UNION has about 10,522 members and employs 33 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: | 10,522 |
| 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: | $308,312,154 |
| CEO/Manager: | Daniel J Machon Jr |
| Chairperson: | Adam Lush |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,340,244 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 207,590,755 |
| Unsecured Loans | 13,395,177 |
| Other Loans | 28,187,538 |
| TOTAL LOANS | 249,173,470 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,541,034 |
| Land And Building | 1,169,474 |
| Other Fixed Assets | 239,623 |
| NCUSIF Deposit | 2,108,143 |
| All Other Assets | 0 |
| TOTAL ASSETS | 308,312,154 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,048 |
| Notes & Interest Payable | 14,931,165 |
| Accounts Payable & Other Liabilities | 761,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,837,398 |
| Regular shares | 77,608,601 |
| All Other Shares & Deposits | 139,093,785 |
| TOTAL SHARES & DEPOSITS | 269,539,784 |
| TOTAL LIABILITIES | 285,237,496 |
| Regular Reserve | 0 |
| Other Reserves | -2,194,402 |
| Undivided Earnings | 25,269,060 |
| TOTAL EQUITY | 23,074,658 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 308,312,154 |
| INCOME & EXPENSE | |
| Loan Income | 5,330,778 |
| Investment Income | 631,604 |
| Other Income | 146,596 |
| Total Employee Compensation & Benefits | 2,528,678 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,628,758 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,000 |
| Cost of Funds | 899,298 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 578,754 |
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