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National Credit Union Service Organization

BLUE FLAME CREDIT UNION

Mar, 31, 2022 — BLUE FLAME CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 1 branch location and about $32.45 million in total assets. Opened 68 years ago in 1954, BLUE FLAME CREDIT UNION has about 2,859 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253074951
Name:BLUE FLAME CREDIT UNION
Address:
(Main Office)
4301 Yancey Rd
CHARLOTTE, NC 28217
Phone:(704) 523-0075
Fax:(704) 523-8906
Website:https://www.blueflamecu.org
Branches:1 branch locations
Members:2,859
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63519
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$32,452,580
CEO/Manager:Charles A Lowe
Chairperson:Michael Dyches

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,042,856
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 968,544
 Unsecured Loans 2,852,995
 Other Loans 12,511,978
 TOTAL LOANS 16,333,517
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,072
 Land And Building 2,623,908
 Other Fixed Assets 27,347
 NCUSIF Deposit 251,959
 All Other Assets 0
  TOTAL ASSETS 32,452,580
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 324,654
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,631,601
 Regular shares 11,675,456
 All Other Shares & Deposits 9,975,560
  TOTAL SHARES & DEPOSITS 26,282,617
  TOTAL LIABILITIES 26,607,271
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 5,845,309
  TOTAL EQUITY 5,845,309
  TOTAL LIABILITIES, SHARES, & EQUITY 32,452,580
INCOME & EXPENSE  
 Loan Income 186,473
 Investment Income 8,777
 Other Income 18,254
 Total Employee Compensation & Benefits 159,126
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 196,863
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -57,000
 Cost of Funds 9,709
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -48,690
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