Dec, 31, 2023 — BMI FEDERAL CREDIT UNION is a federal credit union headquartered in DUBLIN, OH with 5 branch locations and about $703.26 million in total assets. Opened 88 years ago in 1936, BMI FEDERAL CREDIT UNION has about 45,224 members and employs 102 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BMI FEDERAL CREDIT UNION |
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Address: (Main Office) | 6165 Emerald Pkwy DUBLIN, OH 43016-3248 |
Phone: | (614) 707-4000 |
Fax: | (614) 707-4195 |
Website: | https://www.bmifcu.org |
Branches: | 5 branch locations |
Members: | 45,224 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1199 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $703,255,453 |
CEO/Manager: | William P Allender |
Chairperson: | Brad E Ashbrook |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,028,179 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 292,102,617 |
Unsecured Loans | 25,064,904 |
Other Loans | 224,066,015 |
TOTAL LOANS | 541,233,536 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,690,390 |
Land And Building | 13,270,309 |
Other Fixed Assets | 982,482 |
NCUSIF Deposit | 5,110,936 |
All Other Assets | 256,812 |
TOTAL ASSETS | 703,255,453 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 81 |
Notes & Interest Payable | 68,550,000 |
Accounts Payable & Other Liabilities | 7,019,100 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 98,931,917 |
Regular shares | 100,845,138 |
All Other Shares & Deposits | 371,000,617 |
TOTAL SHARES & DEPOSITS | 570,777,672 |
TOTAL LIABILITIES | 646,346,853 |
Regular Reserve | 0 |
Other Reserves | -5,198,875 |
Undivided Earnings | 62,107,475 |
TOTAL EQUITY | 56,908,600 |
TOTAL LIABILITIES, SHARES, & EQUITY | 703,255,453 |
INCOME & EXPENSE | |
Loan Income | 23,385,659 |
Investment Income | 1,833,485 |
Other Income | 1,447,530 |
Total Employee Compensation & Benefits | 9,964,701 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,896,205 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 487,862 |
Cost of Funds | 11,254,054 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,426,206 |
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