Dec, 31, 2023 — BLOOMINGTON MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in BLOOMINGTON, IL with 1 branch location and about $37.59 million in total assets. Opened 71 years ago in 1953, BLOOMINGTON MUNICIPAL CREDIT UNION has about 2,227 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BLOOMINGTON MUNICIPAL CREDIT UNION |
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Address: (Main Office) | 602 S Gridley St BLOOMINGTON, IL 61701-5227 |
Phone: | (309) 827-7266 |
Fax: | (309) 827-7338 |
Website: | https://www.bmcu.org |
Branches: | 1 branch locations |
Members: | 2,227 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63103 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,593,671 |
CEO/Manager: | Todd Keil |
Chairperson: | Earlene Nelson |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,596,016 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,533,397 |
Other Loans | 9,962,762 |
TOTAL LOANS | 11,496,159 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,284 |
Land And Building | 1,588,351 |
Other Fixed Assets | 12,450 |
NCUSIF Deposit | 321,851 |
All Other Assets | 0 |
TOTAL ASSETS | 37,593,671 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,731 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 53,858 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,802,294 |
Regular shares | 15,753,720 |
All Other Shares & Deposits | 11,184,043 |
TOTAL SHARES & DEPOSITS | 32,740,057 |
TOTAL LIABILITIES | 32,801,646 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,792,025 |
TOTAL EQUITY | 4,792,025 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,593,671 |
INCOME & EXPENSE | |
Loan Income | 628,072 |
Investment Income | 876,619 |
Other Income | 196,479 |
Total Employee Compensation & Benefits | 346,881 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 554,038 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,578 |
Cost of Funds | 290,329 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 544,226 |
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