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BEE FEDERAL CREDIT UNION

Mar, 31, 2021 — BEE FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, MD with 1 branch location and about $7.62 million in total assets. Opened 67 years ago in 1954, BEE FEDERAL CREDIT UNION has about 937 members and employs 7 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:n/a
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$7,616,833
CEO/Manager:EDWIN BRUCE FORD
Chairperson:RICHARD L FARLOW

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 850,610
TOTAL INVESTMENTS 5,000,273
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 525,089
 Other Loans 1,022,230
 TOTAL LOANS 1,547,319
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,606
 Land And Building 153,837
 Other Fixed Assets 39,533
 NCUSIF Deposit 49,233
 All Other Assets 10,634
  TOTAL ASSETS 7,616,833
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,711
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,872,277
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,872,277
  TOTAL LIABILITIES 5,883,988
 Regular Reserve 168,385
 Other Reserves 0
 Undivided Earnings 1,564,460
  TOTAL EQUITY 1,732,845
  TOTAL LIABILITIES, SHARES, & EQUITY 7,616,833
INCOME & EXPENSE  
 Loan Income 32,367
 Investment Income 13,824
 Other Income 1,020
 Total Employee Compensation & Benefits 32,746
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 22,815
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,961
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -15,271
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