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BORINQUEN COMMUNITY FEDERAL CREDIT UNION

Jun, 30, 2021 — BORINQUEN COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Aguadilla, PR with 2 branch locations and about $17.42 million in total assets. Opened 70 years ago in 1951, BORINQUEN COMMUNITY FEDERAL CREDIT UNION has about 1,646 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BORINQUEN COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 250474, Ramey
Aguadilla, PR 00604
Phone:(787) 890-8251
Fax:(787) 890-8040
Website:https://www3.homecu.net
Branches:2 branch locations
Members:1,646
Credit Union Type:Federal Credit Union
Charter Number:7347
Membership Type:Single common bond - other
Corporate Credit Union:No
Year Opened:1951
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$17,424,469
CEO/Manager:Sylvia E Ramirez
Chairperson:Gilberto Arroyo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,473,159
TOTAL INVESTMENTS 400,910
Loans Held for Sale 0
 
 Real Estate Loans 3,912,577
 Unsecured Loans 1,108,372
 Other Loans 2,415,675
 TOTAL LOANS 7,436,624
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -85,457
 Land And Building 0
 Other Fixed Assets 1,362
 NCUSIF Deposit 143,545
 All Other Assets 54,326
  TOTAL ASSETS 17,424,469
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 286,230
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 15,719,001
 All Other Shares & Deposits 24,959
  TOTAL SHARES & DEPOSITS 15,743,960
  TOTAL LIABILITIES 16,030,190
 Regular Reserve 657,906
 Other Reserves 304,014
 Undivided Earnings 432,359
  TOTAL EQUITY 1,394,279
  TOTAL LIABILITIES, SHARES, & EQUITY 17,424,469
INCOME & EXPENSE  
 Loan Income 155,328
 Investment Income 14,168
 Other Income 45,619
 Total Employee Compensation & Benefits 307,850
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 203,937
 Non-operating Income & (Expense) -398
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,227
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -304,297
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