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BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION

Dec, 31, 2023 — BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BURLINGTON, IA with 1 branch location and about $4.78 million in total assets. Opened 85 years ago in 1939, BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION has about 646 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BURLINGTON MUNICIPAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
418 Valley St
BURLINGTON, IA 52601-5536
Phone:(319) 752-8412
Fax:(319) 752-5824
Website:https://mybmecu.com
Branches:1 branch locations
Members:646
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65239
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1939
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$4,783,195
CEO/Manager:Jonie A Stewart
Chairperson:Kenneth Morris

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 774,510
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 201,104
 Other Loans 3,564,268
 TOTAL LOANS 3,765,372
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -52,812
 Land And Building 0
 Other Fixed Assets 5
 NCUSIF Deposit 44,042
 All Other Assets 0
  TOTAL ASSETS 4,783,195
LIABILITIES & CAPITAL:  
 Dividends Payable 12,671
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,428
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,295,119
 All Other Shares & Deposits 882,626
  TOTAL SHARES & DEPOSITS 4,177,746
  TOTAL LIABILITIES 4,197,845
 Regular Reserve 0
 Other Reserves 144,888
 Undivided Earnings 440,462
  TOTAL EQUITY 585,350
  TOTAL LIABILITIES, SHARES, & EQUITY 4,783,195
INCOME & EXPENSE  
 Loan Income 180,772
 Investment Income 14,584
 Other Income 1,025
 Total Employee Compensation & Benefits 68,944
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 45,844
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 51,505
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 31,063
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