Dec, 31, 2023 — B I FEDERAL CREDIT UNION is a federal credit union headquartered in BURGETTSTOWN, PA with 1 branch location and about $3.46 million in total assets. Opened 75 years ago in 1949, B I FEDERAL CREDIT UNION has about 366 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | B I FEDERAL CREDIT UNION |
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Address: (Main Office) | 554 Joffre Cherry Valley Rd BURGETTSTOWN, PA 15021 |
Phone: | (412) 882-9306 |
Fax: | (724) 378-7148 |
Website: | https://www.bifcu.org |
Branches: | 1 branch locations |
Members: | 366 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6240 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,464,256 |
CEO/Manager: | Andrea Mancos |
Chairperson: | Kathryn Kapaldo |
ASSETS: | $ Amount |
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Cash & Equivalents | 562,439 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 88,118 |
Other Loans | 1,032,679 |
TOTAL LOANS | 1,120,798 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,685 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 28,311 |
All Other Assets | 0 |
TOTAL ASSETS | 3,464,256 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,773 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,359,692 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,359,692 |
TOTAL LIABILITIES | 2,362,465 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,101,791 |
TOTAL EQUITY | 1,101,791 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,464,256 |
INCOME & EXPENSE | |
Loan Income | 51,076 |
Investment Income | 101,470 |
Other Income | 0 |
Total Employee Compensation & Benefits | 75,861 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 34,713 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,218 |
Cost of Funds | 14,007 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 23,747 |
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