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National Credit Union Service Organization

BLUE FLAME CREDIT UNION

Dec, 31, 2021 — BLUE FLAME CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 1 branch location and about $31.51 million in total assets. Opened 68 years ago in 1954, BLUE FLAME CREDIT UNION has about 2,892 members and employs 10 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:2,892
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:$31,511,420
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 11,564,234
TOTAL INVESTMENTS 1,503,716
Loans Held for Sale 0
 
 Real Estate Loans 1,246,387
 Unsecured Loans 3,010,289
 Other Loans 11,882,745
 TOTAL LOANS 16,139,421
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -79,999
 Land And Building 1,953,092
 Other Fixed Assets 30,124
 NCUSIF Deposit 251,959
 All Other Assets 148,873
  TOTAL ASSETS 31,511,420
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 322,838
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,405,398
 Regular shares 11,184,312
 All Other Shares & Deposits 9,704,872
  TOTAL SHARES & DEPOSITS 25,294,582
  TOTAL LIABILITIES 25,617,420
 Regular Reserve 2,483,000
 Other Reserves 0
 Undivided Earnings 3,411,000
  TOTAL EQUITY 5,894,000
  TOTAL LIABILITIES, SHARES, & EQUITY 31,511,420
INCOME & EXPENSE  
 Loan Income 759,352
 Investment Income 47,492
 Other Income 77,468
 Total Employee Compensation & Benefits 527,713
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 615,436
 Non-operating Income & (Expense) 192,862
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 46,629
 Cost of Funds 50,430
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 35,830
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