Sep, 30, 2022 — BLUE FLAME CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 1 branch location and about $10.06 million in total assets. Opened 69 years ago in 1954, BLUE FLAME CREDIT UNION has about 864 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BLUE FLAME CREDIT UNION |
|---|---|
| Address: (Main Office) | 220 Furr St MOBILE, AL 36607 |
| Phone: | (251) 450-4804 |
| Fax: | (251) 450-4890 |
| Website: | https://blueflamecreditunion.org |
| Branches: | 1 branch locations |
| Members: | 864 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64644 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,064,240 |
| CEO/Manager: | Jackie Wiley |
| Chairperson: | Patrick McKeown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 456,101 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 208,424 |
| Unsecured Loans | 401,294 |
| Other Loans | 4,745,333 |
| TOTAL LOANS | 5,355,051 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,200 |
| Land And Building | 0 |
| Other Fixed Assets | 13 |
| NCUSIF Deposit | 83,428 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,064,240 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 380,576 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,095,463 |
| Regular shares | 6,848,553 |
| All Other Shares & Deposits | 446,873 |
| TOTAL SHARES & DEPOSITS | 8,390,889 |
| TOTAL LIABILITIES | 8,771,465 |
| Regular Reserve | 0 |
| Other Reserves | 350,000 |
| Undivided Earnings | 942,775 |
| TOTAL EQUITY | 1,292,775 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,064,240 |
| INCOME & EXPENSE | |
| Loan Income | 217,245 |
| Investment Income | 21,515 |
| Other Income | 35,038 |
| Total Employee Compensation & Benefits | 128,062 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 72,347 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,002 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,307 |
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