Dec, 31, 2023 — BROWN-FORMAN EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 1 branch location and about $14.44 million in total assets. Opened 88 years ago in 1936, BROWN-FORMAN EMPLOYEES CREDIT UNION has about 1,411 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BROWN-FORMAN EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 850 DIXIE HWY LOUISVILLE, KY 40210-1038 |
Phone: | (502) 774-7003 |
Fax: | (502) 774-6890 |
Website: | https://www.bfecu.com |
Branches: | 1 branch locations |
Members: | 1,411 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62482 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,438,857 |
CEO/Manager: | Erin Walter |
Chairperson: | Joe Hopkins |
ASSETS: | $ Amount |
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Cash & Equivalents | 927,322 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,257,654 |
Unsecured Loans | 1,887,125 |
Other Loans | 6,339,046 |
TOTAL LOANS | 10,483,826 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -200,474 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 109,272 |
All Other Assets | 0 |
TOTAL ASSETS | 14,438,857 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 115,097 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 29,963 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 715,822 |
Regular shares | 6,084,162 |
All Other Shares & Deposits | 5,061,943 |
TOTAL SHARES & DEPOSITS | 11,861,927 |
TOTAL LIABILITIES | 12,006,987 |
Regular Reserve | 0 |
Other Reserves | 313,439 |
Undivided Earnings | 2,118,431 |
TOTAL EQUITY | 2,431,870 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,438,857 |
INCOME & EXPENSE | |
Loan Income | 745,371 |
Investment Income | 107,410 |
Other Income | 42,462 |
Total Employee Compensation & Benefits | 197,945 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 191,682 |
Non-operating Income & (Expense) | 27,899 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,063 |
Cost of Funds | 169,143 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 246,309 |
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