Jun, 30, 2024 — BRIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in POWELL, OH with 6 branch locations and about $144.51 million in total assets. Opened 58 years ago in 1967, BRIDGE CREDIT UNION has about 13,568 members and employs 37 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) | 10567 Sawmill Pkwy POWELL, OH 43065-6672 |
| Phone: | (800) 434-7300 |
| Fax: | |
| Website: | https://www.bridgecu.org |
| Branches: | 6 branch locations |
| Members: | 13,568 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $144,505,647 |
| CEO/Manager: | Jarod N Bach |
| Chairperson: | Julie Ray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,753,835 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,666,319 |
| Unsecured Loans | 21,836,126 |
| Other Loans | 35,903,869 |
| TOTAL LOANS | 88,406,314 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,015,373 |
| Land And Building | 4,089,321 |
| Other Fixed Assets | 510,294 |
| NCUSIF Deposit | 1,211,013 |
| All Other Assets | 0 |
| TOTAL ASSETS | 144,505,647 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 86 |
| Notes & Interest Payable | 367,572 |
| Accounts Payable & Other Liabilities | 2,513,703 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,966,033 |
| Regular shares | 64,896,829 |
| All Other Shares & Deposits | 40,623,447 |
| TOTAL SHARES & DEPOSITS | 125,486,309 |
| TOTAL LIABILITIES | 128,367,670 |
| Regular Reserve | 0 |
| Other Reserves | 3,807,355 |
| Undivided Earnings | 12,330,622 |
| TOTAL EQUITY | 16,137,977 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 144,505,647 |
| INCOME & EXPENSE | |
| Loan Income | 3,511,956 |
| Investment Income | 273,676 |
| Other Income | 1,083,529 |
| Total Employee Compensation & Benefits | 2,082,361 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,560,982 |
| Non-operating Income & (Expense) | 452,113 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 160,515 |
| Cost of Funds | 247,315 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 922,768 |
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