Dec, 31, 2023 — DELAWARE COUNTY CREDIT UNION (BHCU) is a federally insured state chartered credit union headquartered in RIDLEY PARK, PA with 3 branch locations and about $238.15 million in total assets. Opened 72 years ago in 1952, DELAWARE COUNTY CREDIT UNION (BHCU) has about 8,872 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DELAWARE COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 Industrial Hwy RIDLEY PARK, PA 19078 |
| Phone: | (610) 595-2929 |
| Fax: | (610) 595-2933 |
| Website: | https://www.bhcu.org |
| Branches: | 3 branch locations |
| Members: | 8,872 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61387 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $238,146,718 |
| CEO/Manager: | Gary Golden |
| Chairperson: | Joseph M Conte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,968,587 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,112,241 |
| Real Estate Loans | 150,335,063 |
| Unsecured Loans | 7,917,190 |
| Other Loans | 13,434,253 |
| TOTAL LOANS | 172,153,081 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,381,608 |
| Land And Building | 1,314,066 |
| Other Fixed Assets | 1,977,180 |
| NCUSIF Deposit | 1,813,158 |
| All Other Assets | 0 |
| TOTAL ASSETS | 238,146,718 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 980,504 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,705,413 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,357,033 |
| Regular shares | 75,988,343 |
| All Other Shares & Deposits | 104,973,688 |
| TOTAL SHARES & DEPOSITS | 208,319,064 |
| TOTAL LIABILITIES | 213,004,981 |
| Regular Reserve | 0 |
| Other Reserves | -4,467,256 |
| Undivided Earnings | 29,608,993 |
| TOTAL EQUITY | 25,141,737 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 238,146,718 |
| INCOME & EXPENSE | |
| Loan Income | 8,312,766 |
| Investment Income | 1,385,753 |
| Other Income | 230,576 |
| Total Employee Compensation & Benefits | 3,522,904 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,717,207 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -250,525 |
| Cost of Funds | 3,785,781 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 883,680 |
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» See also Statement of Financial Condition