Dec, 31, 2023 — BEACON COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 3 branch locations and about $74.85 million in total assets. Opened 77 years ago in 1947, BEACON COMMUNITY CREDIT UNION has about 10,580 members and employs 31 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 |
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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: | 10,580 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60883 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $74,854,614 |
CEO/Manager: | Penny L Haseker |
Chairperson: | Raymond Jacobi |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,739,872 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,281,550 |
Unsecured Loans | 2,956,247 |
Other Loans | 19,983,973 |
TOTAL LOANS | 37,221,770 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -313,902 |
Land And Building | 5,490,051 |
Other Fixed Assets | 211,504 |
NCUSIF Deposit | 655,471 |
All Other Assets | 0 |
TOTAL ASSETS | 74,854,614 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,410,204 |
Accounts Payable & Other Liabilities | 1,048,965 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,021,081 |
Regular shares | 31,919,144 |
All Other Shares & Deposits | 19,037,054 |
TOTAL SHARES & DEPOSITS | 64,977,278 |
TOTAL LIABILITIES | 67,436,447 |
Regular Reserve | 0 |
Other Reserves | 286,106 |
Undivided Earnings | 7,132,061 |
TOTAL EQUITY | 7,418,167 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,854,614 |
INCOME & EXPENSE | |
Loan Income | 1,805,782 |
Investment Income | 490,814 |
Other Income | 920,737 |
Total Employee Compensation & Benefits | 1,585,837 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,986,510 |
Non-operating Income & (Expense) | -2,981 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 287,010 |
Cost of Funds | 388,389 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -21,121 |
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