Sep, 30, 2025 — READING BERKS SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in READING, PA with 1 branch location and about $13.82 million in total assets. Opened 79 years ago in 1947, READING BERKS SCHOOL EMPLOYEES CREDIT UNION has about 1,270 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: | READING BERKS SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 4641 Pottsville Pike READING, PA 19605 |
| Phone: | (610) 921-1003 |
| Fax: | (610) 921-9237 |
| Website: | https://www.rbsecu.com |
| Branches: | 1 branch locations |
| Members: | 1,270 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60392 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,815,724 |
| CEO/Manager: | Steven L Harris |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,035,193 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,858,891 |
| Unsecured Loans | 306,581 |
| Other Loans | 590,630 |
| TOTAL LOANS | 5,756,102 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,271 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 122,956 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,815,724 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,241 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 11,646,205 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 11,646,205 |
| TOTAL LIABILITIES | 11,665,446 |
| Regular Reserve | 0 |
| Other Reserves | 321,300 |
| Undivided Earnings | 1,828,978 |
| TOTAL EQUITY | 2,150,278 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,815,724 |
| INCOME & EXPENSE | |
| Loan Income | 209,390 |
| Investment Income | 191,084 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 144,575 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 141,115 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 92,002 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 46,888 |
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