Sep, 30, 2025 — BEE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, MD with 1 branch location and about $7.67 million in total assets. Opened 72 years ago in 1954, BEE FEDERAL CREDIT UNION has about 996 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1414 S DIVISION ST SALISBURY, MD 21804 |
| Phone: | (410) 548-9351 |
| Fax: | (410) 548-1432 |
| Website: | https://www.beefcu.org |
| Branches: | 1 branch locations |
| Members: | 996 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9893 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,668,851 |
| CEO/Manager: | EDWIN BRUCE FORD |
| Chairperson: | RICHARD L FARLOW |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 374,420 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 832,117 |
| Other Loans | 2,163,051 |
| TOTAL LOANS | 2,995,168 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,647 |
| Land And Building | 130,113 |
| Other Fixed Assets | 18,081 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 60,393 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,668,851 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,021 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,465,002 |
| All Other Shares & Deposits | 507,274 |
| TOTAL SHARES & DEPOSITS | 5,972,276 |
| TOTAL LIABILITIES | 5,989,297 |
| Regular Reserve | 0 |
| Other Reserves | 168,385 |
| Undivided Earnings | 1,511,169 |
| TOTAL EQUITY | 1,679,554 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,668,851 |
| INCOME & EXPENSE | |
| Loan Income | 185,705 |
| Investment Income | 83,142 |
| Other Income | 7,148 |
| Total Employee Compensation & Benefits | 112,773 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 79,241 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,953 |
| Cost of Funds | 41,051 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -14,960 |
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