Dec, 31, 2023 — BELLCO FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMISSING, PA with 2 branch locations and about $173.45 million in total assets. Opened 86 years ago in 1938, BELLCO FEDERAL CREDIT UNION has about 13,379 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BELLCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 609 Spring St WYOMISSING, PA 19610 |
| Phone: | (610) 373-5192 |
| Fax: | (610) 373-4442 |
| Website: | https://www.bellcocu.org |
| Branches: | 2 branch locations |
| Members: | 13,379 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2531 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $173,450,156 |
| CEO/Manager: | Thomas H Gosling |
| Chairperson: | Eric Rosenberger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,698,205 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,718,475 |
| Unsecured Loans | 7,295,297 |
| Other Loans | 42,839,881 |
| TOTAL LOANS | 138,853,655 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -620,714 |
| Land And Building | 2,618,239 |
| Other Fixed Assets | 87,033 |
| NCUSIF Deposit | 1,531,589 |
| All Other Assets | 110,898 |
| TOTAL ASSETS | 173,450,156 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,089,982 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,962,198 |
| Regular shares | 47,092,915 |
| All Other Shares & Deposits | 80,011,758 |
| TOTAL SHARES & DEPOSITS | 159,066,872 |
| TOTAL LIABILITIES | 161,156,854 |
| Regular Reserve | 0 |
| Other Reserves | 4,815,941 |
| Undivided Earnings | 7,477,361 |
| TOTAL EQUITY | 12,293,302 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 173,450,156 |
| INCOME & EXPENSE | |
| Loan Income | 6,675,902 |
| Investment Income | 788,627 |
| Other Income | 821,016 |
| Total Employee Compensation & Benefits | 2,647,691 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,692,266 |
| Non-operating Income & (Expense) | -6,779 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 496,913 |
| Cost of Funds | 1,343,132 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,444,238 |
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