Dec, 31, 2021 — BEREAN CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $141,079 in total assets. Opened 67 years ago in 1955, BEREAN CREDIT UNION has about 246 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEREAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 5147 S Dearborn St CHICAGO, IL 60609-5327 |
| Phone: | (773) 924-0381 |
| Fax: | (773) 924-0381 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 246 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66089 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $141,079 |
| CEO/Manager: | Stanley N Washington |
| Chairperson: | William Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 89,961 |
| TOTAL INVESTMENTS | 43,839 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 6,372 |
| Other Loans | 0 |
| TOTAL LOANS | 6,372 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -427 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 1,235 |
| All Other Assets | 99 |
| TOTAL ASSETS | 141,079 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 117,541 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 117,541 |
| TOTAL LIABILITIES | 117,541 |
| Regular Reserve | 19,790 |
| Other Reserves | 0 |
| Undivided Earnings | 3,748 |
| TOTAL EQUITY | 23,538 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 141,079 |
| INCOME & EXPENSE | |
| Loan Income | 1,019 |
| Investment Income | 327 |
| Other Income | 130 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,682 |
| Non-operating Income & (Expense) | 1,123 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 917 |
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