Dec, 31, 2023 — BROWN-FORMAN EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 1 branch location and about $14.44 million in total assets. Opened 88 years ago in 1936, BROWN-FORMAN EMPLOYEES CREDIT UNION has about 1,411 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BROWN-FORMAN EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 850 DIXIE HWY LOUISVILLE, KY 40210-1038 |
| Phone: | (502) 774-7003 |
| Fax: | (502) 774-6890 |
| Website: | https://www.bfecu.com |
| Branches: | 1 branch locations |
| Members: | 1,411 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62482 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,438,857 |
| CEO/Manager: | Erin Walter |
| Chairperson: | Joe Hopkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 927,322 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,257,654 |
| Unsecured Loans | 1,887,125 |
| Other Loans | 6,339,046 |
| TOTAL LOANS | 10,483,826 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -200,474 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 109,272 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,438,857 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 115,097 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 715,822 |
| Regular shares | 6,084,162 |
| All Other Shares & Deposits | 5,061,943 |
| TOTAL SHARES & DEPOSITS | 11,861,927 |
| TOTAL LIABILITIES | 12,006,987 |
| Regular Reserve | 0 |
| Other Reserves | 313,439 |
| Undivided Earnings | 2,118,431 |
| TOTAL EQUITY | 2,431,870 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,438,857 |
| INCOME & EXPENSE | |
| Loan Income | 745,371 |
| Investment Income | 107,410 |
| Other Income | 42,462 |
| Total Employee Compensation & Benefits | 197,945 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 191,682 |
| Non-operating Income & (Expense) | 27,899 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,063 |
| Cost of Funds | 169,143 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 246,309 |
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