Dec, 31, 2023 — BSE CREDIT UNION is a non-federally insured state credit union headquartered in CLEVELAND, OH with 2 branch locations and about $18.78 million in total assets. Opened 69 years ago in 1955, BSE CREDIT UNION has about 2,484 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BSE CREDIT UNION |
|---|---|
| Address: (Main Office) | 19249 Bagley Rd CLEVELAND, OH 44130-3315 |
| Phone: | (440) 243-9180 |
| Fax: | (440) 243-5638 |
| Website: | https://bsecu.org |
| Branches: | 2 branch locations |
| Members: | 2,484 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97078 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,775,613 |
| CEO/Manager: | Diana L Larsen |
| Chairperson: | Tim Gerding |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 100,319 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,274,226 |
| Unsecured Loans | 1,306,143 |
| Other Loans | 3,973,232 |
| TOTAL LOANS | 6,553,601 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,484 |
| Land And Building | 169,546 |
| Other Fixed Assets | 16,237 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,775,613 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14 |
| Notes & Interest Payable | 95,000 |
| Accounts Payable & Other Liabilities | 170,580 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,949,723 |
| Regular shares | 11,692,470 |
| All Other Shares & Deposits | 2,290,665 |
| TOTAL SHARES & DEPOSITS | 16,932,857 |
| TOTAL LIABILITIES | 17,198,451 |
| Regular Reserve | 0 |
| Other Reserves | 461,257 |
| Undivided Earnings | 1,115,905 |
| TOTAL EQUITY | 1,577,162 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,775,613 |
| INCOME & EXPENSE | |
| Loan Income | 366,344 |
| Investment Income | 175,674 |
| Other Income | 74,094 |
| Total Employee Compensation & Benefits | 316,281 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 322,006 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,600 |
| Cost of Funds | 6,942 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 48,512 |
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