Jun, 30, 2024 — BEACON COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 3 branch locations and about $78.91 million in total assets. Opened 78 years ago in 1947, BEACON COMMUNITY CREDIT UNION has about 12,670 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEACON COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 7910 National Tpke LOUISVILLE, KY 40214 |
| Phone: | (502) 366-6022 |
| Fax: | (502) 366-6297 |
| Website: | https://www.beaconccu.org |
| Branches: | 3 branch locations |
| Members: | 12,670 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60883 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $78,911,941 |
| CEO/Manager: | Penny L Haseker |
| Chairperson: | Raymond Jacobi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,987,998 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,135,320 |
| Unsecured Loans | 3,049,094 |
| Other Loans | 12,618,839 |
| TOTAL LOANS | 30,803,253 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -145,427 |
| Land And Building | 5,648,228 |
| Other Fixed Assets | 237,845 |
| NCUSIF Deposit | 736,082 |
| All Other Assets | 0 |
| TOTAL ASSETS | 78,911,941 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,445,877 |
| Regular shares | 39,238,840 |
| All Other Shares & Deposits | 18,019,893 |
| TOTAL SHARES & DEPOSITS | 71,704,610 |
| TOTAL LIABILITIES | 71,735,473 |
| Regular Reserve | 0 |
| Other Reserves | 43,613 |
| Undivided Earnings | 7,132,855 |
| TOTAL EQUITY | 7,176,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,911,941 |
| INCOME & EXPENSE | |
| Loan Income | 1,090,148 |
| Investment Income | 369,213 |
| Other Income | 752,845 |
| Total Employee Compensation & Benefits | 1,126,942 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,528,977 |
| Non-operating Income & (Expense) | 56,474 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 153,000 |
| Cost of Funds | 132,728 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 89,449 |
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