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BINSY FEDERAL CREDIT UNION

Mar, 31, 2022 — BINSY FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $1.66 million in total assets. Opened 70 years ago in 1952, BINSY FEDERAL CREDIT UNION has about 424 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BINSY FEDERAL CREDIT UNION
Address:
(Main Office)
318 Collins St
MEMPHIS, TN 38112-3308
Phone:(901) 324-3921
Fax:(901) 324-2899
Website:n/a
Branches:1 branch locations
Members:424
Credit Union Type:Federal Credit Union
Charter Number:7581
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,663,376
CEO/Manager:MAURIE H LASHLEE
Chairperson:DAVID SWINDLE

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 360,381
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 90,340
 Other Loans 885,855
 TOTAL LOANS 976,195
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,506
 Land And Building 0
 Other Fixed Assets 868
 NCUSIF Deposit 13,654
 All Other Assets 0
  TOTAL ASSETS 1,663,376
LIABILITIES & CAPITAL:  
 Dividends Payable 586
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,895
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,028,465
 All Other Shares & Deposits 380,663
  TOTAL SHARES & DEPOSITS 1,409,128
  TOTAL LIABILITIES 1,419,609
 Regular Reserve 0
 Other Reserves 91,862
 Undivided Earnings 151,905
  TOTAL EQUITY 243,767
  TOTAL LIABILITIES, SHARES, & EQUITY 1,663,376
INCOME & EXPENSE  
 Loan Income 14,066
 Investment Income 242
 Other Income 2,908
 Total Employee Compensation & Benefits 11,938
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,477
 Non-operating Income & (Expense) 1,293
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,518
 Cost of Funds 605
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,029
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