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BETHEL BAPTIST CHURCH EAST CREDIT UNION

Mar, 31, 2021 — BETHEL BAPTIST CHURCH EAST CREDIT UNION is a federally insured state chartered credit union headquartered in Detroit, MI with 1 branch location and about $776,757 in total assets. Opened 47 years ago in 1974, BETHEL BAPTIST CHURCH EAST CREDIT UNION has about 180 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BETHEL BAPTIST CHURCH EAST CREDIT UNION
Address:
(Main Office)
5715 Holcomb St
Detroit, MI 48213
Phone:(313) 923-1644
Fax:(313) 923-6025
Website:n/a
Branches:1 branch locations
Members:180
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62177
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1974
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$776,757
CEO/Manager:Sherion Bounds
Chairperson:Jaime Odister

Call Report

  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 606,821
TOTAL INVESTMENTS 103,500
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 53,130
 Other Loans 8,315
 TOTAL LOANS 61,445
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 6,991
 All Other Assets 0
  TOTAL ASSETS 776,757
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 417
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 676,042
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 676,042
  TOTAL LIABILITIES 676,459
 Regular Reserve 12,460
 Other Reserves 0
 Undivided Earnings 87,838
  TOTAL EQUITY 100,298
  TOTAL LIABILITIES, SHARES, & EQUITY 776,757
INCOME & EXPENSE  
 Loan Income 2,877
 Investment Income 2,178
 Other Income 1
 Total Employee Compensation & Benefits 250
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,460
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 346
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