Dec, 31, 2023 — BRIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in POWELL, OH with 9 branch locations and about $194.91 million in total assets. Opened 57 years ago in 1967, BRIDGE CREDIT UNION has about 20,298 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BRIDGE CREDIT UNION |
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Address: (Main Office) | 10567 Sawmill Pkwy POWELL, OH 43065-6672 |
Phone: | (800) 434-7300 |
Fax: | |
Website: | https://www.bridgecu.org |
Branches: | 9 branch locations |
Members: | 20,298 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62406 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $194,911,489 |
CEO/Manager: | Jarod N Bach |
Chairperson: | Julie Ray |
ASSETS: | $ Amount |
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Cash & Equivalents | 38,426,947 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 38,237,967 |
Unsecured Loans | 19,698,474 |
Other Loans | 54,815,043 |
TOTAL LOANS | 112,751,484 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,323,028 |
Land And Building | 6,129,023 |
Other Fixed Assets | 946,230 |
NCUSIF Deposit | 1,720,455 |
All Other Assets | 0 |
TOTAL ASSETS | 194,911,489 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 86 |
Notes & Interest Payable | 109,290 |
Accounts Payable & Other Liabilities | 2,171,383 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,460,989 |
Regular shares | 77,690,901 |
All Other Shares & Deposits | 65,979,883 |
TOTAL SHARES & DEPOSITS | 171,131,773 |
TOTAL LIABILITIES | 173,412,532 |
Regular Reserve | 0 |
Other Reserves | 7,617,630 |
Undivided Earnings | 13,881,327 |
TOTAL EQUITY | 21,498,957 |
TOTAL LIABILITIES, SHARES, & EQUITY | 194,911,489 |
INCOME & EXPENSE | |
Loan Income | 6,931,322 |
Investment Income | 2,616,192 |
Other Income | 1,901,937 |
Total Employee Compensation & Benefits | 4,520,594 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,900,185 |
Non-operating Income & (Expense) | 804,761 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 984,652 |
Cost of Funds | 1,562,183 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,400,695 |
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» See also Statement of Financial Condition