Dec, 31, 2023 — BRONCO FEDERAL CREDIT UNION is a federal credit union headquartered in FRANKLIN, VA with 3 branch locations and about $251.94 million in total assets. Opened 83 years ago in 1941, BRONCO FEDERAL CREDIT UNION has about 18,600 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BRONCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 135 Stewart Dr FRANKLIN, VA 23851 |
Phone: | (757) 569-6000 |
Fax: | (757) 569-6010 |
Website: | https://www.broncofcu.com |
Branches: | 3 branch locations |
Members: | 18,600 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4616 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $251,938,335 |
CEO/Manager: | Brian Hedgepeth |
Chairperson: | Thomas R Cotton Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 52,133,426 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 66,910,562 |
Unsecured Loans | 9,928,792 |
Other Loans | 88,724,863 |
TOTAL LOANS | 167,790,181 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,305,048 |
Land And Building | 3,753,580 |
Other Fixed Assets | 339,780 |
NCUSIF Deposit | 2,155,644 |
All Other Assets | 281,084 |
TOTAL ASSETS | 251,938,335 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 241,575 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 51,117,870 |
Regular shares | 113,296,353 |
All Other Shares & Deposits | 62,741,374 |
TOTAL SHARES & DEPOSITS | 227,155,597 |
TOTAL LIABILITIES | 227,397,172 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 24,541,163 |
TOTAL EQUITY | 24,541,163 |
TOTAL LIABILITIES, SHARES, & EQUITY | 251,938,335 |
INCOME & EXPENSE | |
Loan Income | 8,671,822 |
Investment Income | 2,973,644 |
Other Income | 874,605 |
Total Employee Compensation & Benefits | 4,027,495 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,225,837 |
Non-operating Income & (Expense) | 306,699 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,039,479 |
Cost of Funds | 1,113,072 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,382,845 |
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