Dec, 31, 2023 — BENTON COUNTY SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in CORVALLIS, OR with 2 branch locations and about $65.22 million in total assets. Opened 71 years ago in 1953, BENTON COUNTY SCHOOLS CREDIT UNION has about 2,220 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: | BENTON COUNTY SCHOOLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2101 NW Professional DR CORVALLIS, OR 97330 |
| Phone: | (541) 754-7765 |
| Fax: | (541) 757-7526 |
| Website: | https://www.bcscu.org |
| Branches: | 2 branch locations |
| Members: | 2,220 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64059 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,221,767 |
| CEO/Manager: | Amanda K Held |
| Chairperson: | Margi S Dusek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,065,047 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,058,737 |
| Unsecured Loans | 2,010,098 |
| Other Loans | 5,489,013 |
| TOTAL LOANS | 32,557,848 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,230 |
| Land And Building | 1,737,852 |
| Other Fixed Assets | 268,964 |
| NCUSIF Deposit | 614,647 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,221,767 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 247,726 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,388,307 |
| Regular shares | 13,029,758 |
| All Other Shares & Deposits | 36,191,709 |
| TOTAL SHARES & DEPOSITS | 58,609,776 |
| TOTAL LIABILITIES | 58,857,502 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,364,265 |
| TOTAL EQUITY | 6,364,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,221,767 |
| INCOME & EXPENSE | |
| Loan Income | 1,170,747 |
| Investment Income | 826,884 |
| Other Income | 21,825 |
| Total Employee Compensation & Benefits | 590,531 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 862,676 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,081 |
| Cost of Funds | 300,280 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 551,603 |
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