Dec, 31, 2023 — BESSEMER SYSTEM FEDERAL CREDIT UNION is a federal credit union headquartered in GREENVILLE, PA with 1 branch location and about $42.87 million in total assets. Opened 81 years ago in 1943, BESSEMER SYSTEM FEDERAL CREDIT UNION has about 3,575 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BESSEMER SYSTEM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 106 Woodfield Dr GREENVILLE, PA 16125 |
| Phone: | (724) 588-6119 |
| Fax: | (724) 588-5344 |
| Website: | https://bessfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,575 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4982 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,868,728 |
| CEO/Manager: | Joy E Peterson |
| Chairperson: | Timothy P Edwards |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,956,139 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,144,902 |
| Unsecured Loans | 1,863,823 |
| Other Loans | 12,028,182 |
| TOTAL LOANS | 16,036,907 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,102 |
| Land And Building | 321,146 |
| Other Fixed Assets | 44,689 |
| NCUSIF Deposit | 415,184 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,868,728 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,983 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,543,618 |
| Regular shares | 22,133,043 |
| All Other Shares & Deposits | 9,591,400 |
| TOTAL SHARES & DEPOSITS | 38,268,061 |
| TOTAL LIABILITIES | 38,284,044 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,584,684 |
| TOTAL EQUITY | 4,584,684 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,868,728 |
| INCOME & EXPENSE | |
| Loan Income | 765,395 |
| Investment Income | 393,645 |
| Other Income | 118,371 |
| Total Employee Compensation & Benefits | 579,482 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,126,107 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,151 |
| Cost of Funds | 307,644 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -484,378 |
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