Jun, 30, 2024 — BEE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, MD with 1 branch location and about $8.15 million in total assets. Opened 71 years ago in 1954, BEE FEDERAL CREDIT UNION has about 937 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: | 937 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9893 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,146,259 |
| CEO/Manager: | EDWIN BRUCE FORD |
| Chairperson: | RICHARD L FARLOW |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 302,482 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 713,317 |
| Other Loans | 1,435,008 |
| TOTAL LOANS | 2,148,325 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,792 |
| Land And Building | 145,740 |
| Other Fixed Assets | 30,840 |
| NCUSIF Deposit | 64,497 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,146,259 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,625 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,428,810 |
| All Other Shares & Deposits | 17,209 |
| TOTAL SHARES & DEPOSITS | 6,446,019 |
| TOTAL LIABILITIES | 6,453,644 |
| Regular Reserve | 0 |
| Other Reserves | 168,385 |
| Undivided Earnings | 1,524,230 |
| TOTAL EQUITY | 1,692,615 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,146,259 |
| INCOME & EXPENSE | |
| Loan Income | 96,897 |
| Investment Income | 70,996 |
| Other Income | 5,484 |
| Total Employee Compensation & Benefits | 107,374 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 66,878 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 17,295 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -18,098 |
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