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BRIDGE CREDIT UNION

Mar, 31, 2022 — BRIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBUS, OH with 5 branch locations and about $113.28 million in total assets. Opened 55 years ago in 1967, BRIDGE CREDIT UNION has about 10,626 members and employs 30 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
COLUMBUS, OH 43223
Phone:(614) 466-4988
Fax:(614) 466-5118
Website:http://www.bridgecu.org
Branches:5 branch locations
Members:10,626
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:$113,275,484
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 19,278,084
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 29,768,298
 Unsecured Loans 15,903,670
 Other Loans 31,363,066
 TOTAL LOANS 77,035,034
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -803,114
 Land And Building 2,786,891
 Other Fixed Assets 220,642
 NCUSIF Deposit 949,709
 All Other Assets 0
  TOTAL ASSETS 113,275,484
LIABILITIES & CAPITAL:  
 Dividends Payable 137
 Notes & Interest Payable 444,190
 Accounts Payable & Other Liabilities 1,991,748
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,983,965
 Regular shares 44,902,484
 All Other Shares & Deposits 39,677,870
  TOTAL SHARES & DEPOSITS 97,564,319
  TOTAL LIABILITIES 100,000,394
 Regular Reserve 0
 Other Reserves 1,746,039
 Undivided Earnings 11,529,051
  TOTAL EQUITY 13,275,090
  TOTAL LIABILITIES, SHARES, & EQUITY 113,275,484
INCOME & EXPENSE  
 Loan Income 1,077,314
 Investment Income 27,053
 Other Income 304,616
 Total Employee Compensation & Benefits 665,866
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 721,713
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 40,404
 Cost of Funds 60,786
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 121,197
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