Jun, 30, 2024 — B-M S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW BRUNSWICK, NJ with 3 branch locations and about $104.89 million in total assets. Opened 70 years ago in 1954, B-M S FEDERAL CREDIT UNION has about 4,038 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | B-M S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Squibb Dr NEW BRUNSWICK, NJ 08901-1588 |
| Phone: | (732) 227-6704 |
| Fax: | (732) 227-3150 |
| Website: | https://bmsfcu.org |
| Branches: | 3 branch locations |
| Members: | 4,038 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9146 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $104,892,461 |
| CEO/Manager: | Jennifer Bruett |
| Chairperson: | Kathleen McElarney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,969,381 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,898,285 |
| Unsecured Loans | 1,710,993 |
| Other Loans | 3,327,557 |
| TOTAL LOANS | 13,936,835 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,241 |
| Land And Building | 0 |
| Other Fixed Assets | 75,118 |
| NCUSIF Deposit | 855,002 |
| All Other Assets | 0 |
| TOTAL ASSETS | 104,892,461 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 43,371 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 239,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,177,245 |
| Regular shares | 34,109,173 |
| All Other Shares & Deposits | 37,301,567 |
| TOTAL SHARES & DEPOSITS | 93,587,985 |
| TOTAL LIABILITIES | 93,870,713 |
| Regular Reserve | 0 |
| Other Reserves | -4,507,031 |
| Undivided Earnings | 15,528,779 |
| TOTAL EQUITY | 11,021,748 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,892,461 |
| INCOME & EXPENSE | |
| Loan Income | 372,060 |
| Investment Income | 960,040 |
| Other Income | 82,794 |
| Total Employee Compensation & Benefits | 435,922 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 829,243 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 154,142 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 311,689 |
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