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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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