Jun, 30, 2024 — BRONCO FEDERAL CREDIT UNION is a federal credit union headquartered in FRANKLIN, VA with 3 branch locations and about $252.62 million in total assets. Opened 83 years ago in 1941, BRONCO FEDERAL CREDIT UNION has about 18,402 members and employs 52 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 |
|---|---|
| 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: | 18,402 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4616 |
|---|---|
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $252,623,516 |
| CEO/Manager: | Brian Hedgepeth |
| Chairperson: | Thomas R Cotton Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,859,797 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 381,823 |
| Real Estate Loans | 62,577,450 |
| Unsecured Loans | 9,731,273 |
| Other Loans | 83,907,168 |
| TOTAL LOANS | 159,968,725 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -836,688 |
| Land And Building | 4,439,264 |
| Other Fixed Assets | 387,167 |
| NCUSIF Deposit | 2,106,943 |
| All Other Assets | 0 |
| TOTAL ASSETS | 252,623,516 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 356,954 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,837,365 |
| Regular shares | 132,406,454 |
| All Other Shares & Deposits | 49,099,676 |
| TOTAL SHARES & DEPOSITS | 232,343,495 |
| TOTAL LIABILITIES | 232,700,449 |
| Regular Reserve | 0 |
| Other Reserves | 105 |
| Undivided Earnings | 19,922,962 |
| TOTAL EQUITY | 19,923,067 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 252,623,516 |
| INCOME & EXPENSE | |
| Loan Income | 4,916,360 |
| Investment Income | 717,165 |
| Other Income | 733,548 |
| Total Employee Compensation & Benefits | 2,937,703 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,380,139 |
| Non-operating Income & (Expense) | 125,175 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 123,602 |
| Cost of Funds | 288,375 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,389,909 |
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