Dec, 31, 2023 — READING BERKS SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in READING, PA with 1 branch location and about $16.19 million in total assets. Opened 77 years ago in 1947, READING BERKS SCHOOL EMPLOYEES CREDIT UNION has about 1,348 members and employs 5 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 |
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Address: (Main Office) | 4641 Pottsville Pike READING, PA 19605 |
Phone: | (610) 921-1003 |
Fax: | (610) 921-9237 |
Website: | https://rbsecu.com |
Branches: | 1 branch locations |
Members: | 1,348 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60392 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,194,531 |
CEO/Manager: | Steven L Harris |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 829,414 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,017,560 |
Unsecured Loans | 381,349 |
Other Loans | 682,012 |
TOTAL LOANS | 6,080,921 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,757 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 166,041 |
All Other Assets | 0 |
TOTAL ASSETS | 16,194,531 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -512 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 14,098,550 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 14,098,550 |
TOTAL LIABILITIES | 14,098,038 |
Regular Reserve | 0 |
Other Reserves | 321,264 |
Undivided Earnings | 1,775,229 |
TOTAL EQUITY | 2,096,493 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,194,531 |
INCOME & EXPENSE | |
Loan Income | 212,978 |
Investment Income | 226,300 |
Other Income | 0 |
Total Employee Compensation & Benefits | 177,983 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 139,538 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,429 |
Cost of Funds | 60,697 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -88,390 |
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