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B-M S FEDERAL CREDIT UNION

Dec, 31, 2023 — B-M S FEDERAL CREDIT UNION is a federal credit union headquartered in NEW BRUNSWICK, NJ with 3 branch locations and about $93.73 million in total assets. Opened 70 years ago in 1954, B-M S FEDERAL CREDIT UNION has about 4,143 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221277007
Name:B-M S FEDERAL CREDIT UNION
Address:
(Main Office)
1 Squibb Dr
NEW BRUNSWICK, NJ 08901-1588
Phone:(732) 227-6704
Fax:(732) 227-3150
Website:https://bmsfcu.org
Branches:3 branch locations
Members:4,143
Credit Union Type:Federal Credit Union
Charter Number:9146
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$93,725,910
CEO/Manager:Jennifer Bruett
Chairperson:Kathleen McElarney

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,987,340
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,393,484
 Unsecured Loans 2,111,054
 Other Loans 9,069,008
 TOTAL LOANS 20,573,546
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,413
 Land And Building 0
 Other Fixed Assets 71,421
 NCUSIF Deposit 750,876
 All Other Assets 0
  TOTAL ASSETS 93,725,910
LIABILITIES & CAPITAL:  
 Dividends Payable 62,990
 Notes & Interest Payable 3,759,839
 Accounts Payable & Other Liabilities 634,225
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,837,876
 Regular shares 28,222,512
 All Other Shares & Deposits 30,200,565
  TOTAL SHARES & DEPOSITS 76,260,954
  TOTAL LIABILITIES 80,718,008
 Regular Reserve 0
 Other Reserves -2,349,692
 Undivided Earnings 15,357,594
  TOTAL EQUITY 13,007,902
  TOTAL LIABILITIES, SHARES, & EQUITY 93,725,910
INCOME & EXPENSE  
 Loan Income 736,022
 Investment Income 1,288,972
 Other Income 97,243
 Total Employee Compensation & Benefits 740,492
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,013,749
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 40,000
 Cost of Funds 558,988
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -119,889
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