Dec, 31, 2023 — BELCO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in HARRISBURG, PA with 15 branch locations and about $918.02 million in total assets. Opened 85 years ago in 1939, BELCO COMMUNITY CREDIT UNION has about 75,166 members and employs 238 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BELCO COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 449 Eisenhower Blvd HARRISBURG, PA 17111 |
| Phone: | (717) 232-3526 |
| Fax: | |
| Website: | https://www.belco.org |
| Branches: | 15 branch locations |
| Members: | 75,166 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68256 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $918,017,783 |
| CEO/Manager: | Amey R Sgrignoli |
| Chairperson: | Terry M Hessler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,124,809 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 326,664,063 |
| Unsecured Loans | 60,276,016 |
| Other Loans | 253,395,574 |
| TOTAL LOANS | 640,335,653 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,487,120 |
| Land And Building | 24,901,261 |
| Other Fixed Assets | 5,312,049 |
| NCUSIF Deposit | 8,012,210 |
| All Other Assets | 444,293 |
| TOTAL ASSETS | 918,017,783 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 70,000,000 |
| Accounts Payable & Other Liabilities | 8,951,550 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 188,985,516 |
| Regular shares | 210,032,906 |
| All Other Shares & Deposits | 390,405,629 |
| TOTAL SHARES & DEPOSITS | 789,424,051 |
| TOTAL LIABILITIES | 868,375,601 |
| Regular Reserve | 0 |
| Other Reserves | -29,180,193 |
| Undivided Earnings | 78,822,375 |
| TOTAL EQUITY | 49,642,182 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 918,017,783 |
| INCOME & EXPENSE | |
| Loan Income | 34,506,391 |
| Investment Income | 5,268,714 |
| Other Income | 9,509,876 |
| Total Employee Compensation & Benefits | 20,520,202 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,470,647 |
| Non-operating Income & (Expense) | 3,078,295 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,653,097 |
| Cost of Funds | 11,966,029 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,425,466 |
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