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BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION

Mar, 31, 2022 — BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BURLINGTON, IA with 1 branch location and about $4.94 million in total assets. Opened 83 years ago in 1939, BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION has about 660 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
418 Valley St
BURLINGTON, IA 52601-5515
Phone:(319) 752-8412
Fax:(319) 752-5824
Website:http://mybmecu.com
Branches:1 branch locations
Members:660
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65239
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1939
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$4,937,403
CEO/Manager:Jonie A Stewart
Chairperson:Kenneth Morris

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 424,910
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 197,368
 Other Loans 4,025,685
 TOTAL LOANS 4,223,053
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -59,472
 Land And Building 0
 Other Fixed Assets 1,006
 NCUSIF Deposit 47,211
 All Other Assets 0
  TOTAL ASSETS 4,937,403
LIABILITIES & CAPITAL:  
 Dividends Payable 8,060
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,464
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,651,605
 All Other Shares & Deposits 757,585
  TOTAL SHARES & DEPOSITS 4,409,190
  TOTAL LIABILITIES 4,419,714
 Regular Reserve 0
 Other Reserves 128,053
 Undivided Earnings 389,636
  TOTAL EQUITY 517,689
  TOTAL LIABILITIES, SHARES, & EQUITY 4,937,403
INCOME & EXPENSE  
 Loan Income 38,753
 Investment Income 1,828
 Other Income 0
 Total Employee Compensation & Benefits 14,436
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,898
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,260
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,987
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