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National Credit Union Service Organization

BRIDGE CREDIT UNION

Sep, 30, 2021 — BRIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 4 branch locations and about $111.84 million in total assets. Opened 55 years ago in 1967, BRIDGE CREDIT UNION has about 11,153 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:BRIDGE CREDIT UNION
Address:
(Main Office)
1980 W BROAD ST MAIL STOP #0000
COLUMBUS, OH 43223
Phone:(614) 466-4988
Fax:(614) 466-5118
Website:http://www.bridgecu.org
Branches:4 branch locations
Members:11,153
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62406
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$111,843,147
CEO/Manager:Jarod N Bach
Chairperson:Julie Ray

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 19,370,620
TOTAL INVESTMENTS 7,233,989
Loans Held for Sale 0
 
 Real Estate Loans 29,727,467
 Unsecured Loans 14,486,560
 Other Loans 34,247,830
 TOTAL LOANS 78,461,857
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -732,998
 Land And Building 2,293,330
 Other Fixed Assets 127,760
 NCUSIF Deposit 949,709
 All Other Assets 4,138,880
  TOTAL ASSETS 111,843,147
LIABILITIES & CAPITAL:  
 Dividends Payable 287
 Notes & Interest Payable 530,944
 Accounts Payable & Other Liabilities 1,795,376
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,925,167
 Regular shares 44,552,391
 All Other Shares & Deposits 40,322,825
  TOTAL SHARES & DEPOSITS 96,800,383
  TOTAL LIABILITIES 99,126,990
 Regular Reserve 1,096,379
 Other Reserves 1,746,039
 Undivided Earnings 9,873,739
  TOTAL EQUITY 12,716,157
  TOTAL LIABILITIES, SHARES, & EQUITY 111,843,147
INCOME & EXPENSE  
 Loan Income 3,084,404
 Investment Income 43,106
 Other Income 774,803
 Total Employee Compensation & Benefits 1,557,539
 NCUSIF Premiums Expense 24,826
 Total Other Operating Expenses 1,735,208
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 193,283
 Cost of Funds 274,490
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 673,912
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