Dec, 31, 2023 — BLUE EAGLE CREDIT UNION is a federally insured state chartered credit union headquartered in ROANOKE, VA with 7 branch locations and about $217.56 million in total assets. Opened 76 years ago in 1948, BLUE EAGLE CREDIT UNION has about 18,055 members and employs 69 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 EAGLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2121 Electric Rd ROANOKE, VA 24018 |
| Phone: | (540) 342-3429 |
| Fax: | (540) 345-0500 |
| Website: | https://www.blueeaglecreditunion.com |
| Branches: | 7 branch locations |
| Members: | 18,055 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68629 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $217,559,628 |
| CEO/Manager: | Jeffrey D Thompson |
| Chairperson: | Robert S Hartsel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,158,324 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 70,927,086 |
| Unsecured Loans | 20,456,891 |
| Other Loans | 86,418,606 |
| TOTAL LOANS | 177,802,583 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,090,734 |
| Land And Building | 2,919,614 |
| Other Fixed Assets | 1,271,350 |
| NCUSIF Deposit | 1,838,166 |
| All Other Assets | 108,936 |
| TOTAL ASSETS | 217,559,628 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,109,188 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,803,509 |
| Regular shares | 57,393,792 |
| All Other Shares & Deposits | 101,307,176 |
| TOTAL SHARES & DEPOSITS | 190,504,477 |
| TOTAL LIABILITIES | 193,613,679 |
| Regular Reserve | 0 |
| Other Reserves | -3,554,335 |
| Undivided Earnings | 27,500,284 |
| TOTAL EQUITY | 23,945,949 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 217,559,628 |
| INCOME & EXPENSE | |
| Loan Income | 10,490,942 |
| Investment Income | 1,067,849 |
| Other Income | 1,909,979 |
| Total Employee Compensation & Benefits | 6,643,557 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,539,494 |
| Non-operating Income & (Expense) | 1,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 819,698 |
| Cost of Funds | 2,302,186 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,322,486 |
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