BINSY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — BINSY FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $1.71 million in total assets. Opened 72 years ago in 1952, BINSY FEDERAL CREDIT UNION has about 421 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BINSY FEDERAL CREDIT UNION |
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Address: (Main Office) | 318 COLLINS STREET MEMPHIS, TN 38112-3308 |
Phone: | (901) 324-3921 |
Fax: | (901) 324-2899 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 421 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7581 |
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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: | $1,706,592 |
CEO/Manager: | MAURIE H LASHLEE |
Chairperson: | DAVID SWINDLE |
ASSETS: | $ Amount |
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Cash & Equivalents | 392,804 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 87,705 |
Other Loans | 892,339 |
TOTAL LOANS | 980,044 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,990 |
Land And Building | 0 |
Other Fixed Assets | 662 |
NCUSIF Deposit | 13,974 |
All Other Assets | 0 |
TOTAL ASSETS | 1,706,592 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 628 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,037 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,075,768 |
All Other Shares & Deposits | 379,253 |
TOTAL SHARES & DEPOSITS | 1,455,021 |
TOTAL LIABILITIES | 1,461,686 |
Regular Reserve | 0 |
Other Reserves | 91,862 |
Undivided Earnings | 153,044 |
TOTAL EQUITY | 244,906 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,706,592 |
INCOME & EXPENSE | |
Loan Income | 43,676 |
Investment Income | 2,967 |
Other Income | 9,201 |
Total Employee Compensation & Benefits | 20,592 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,082 |
Non-operating Income & (Expense) | 2,722 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,879 |
Cost of Funds | 1,903 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,890 |
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