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BEREAN CREDIT UNION

Jun, 30, 2021 — BEREAN CREDIT UNION is a federally insured state chartered credit union headquartered in CHICAGO, IL with 1 branch location and about $140,570 in total assets. Opened 66 years ago in 1955, BEREAN CREDIT UNION has about 245 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
CHICAGO, IL 60609
Phone:(773) 924-0381
Fax:(773) 924-0381
Website:n/a
Branches:1 branch locations
Members:245
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:$140,570
CEO/Manager:Stanley N Washington
Chairperson:William Robinson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 88,227
TOTAL INVESTMENTS 43,766
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 7,670
 Other Loans 0
 TOTAL LOANS 7,670
 (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 140,570
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 117,805
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 117,805
  TOTAL LIABILITIES 117,805
 Regular Reserve 19,790
 Other Reserves 0
 Undivided Earnings 2,975
  TOTAL EQUITY 22,765
  TOTAL LIABILITIES, SHARES, & EQUITY 140,570
INCOME & EXPENSE  
 Loan Income 561
 Investment Income 247
 Other Income 70
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,092
 Non-operating Income & (Expense) 358
 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) 144
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