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National Credit Union Service Organization

READING BERKS SCHOOL EMPLOYEES CREDIT UNION

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
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
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:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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