Dec, 31, 2023 — BROOKLAND FEDERAL CREDIT UNION is a federal credit union headquartered in WEST COLUMBIA, SC with 1 branch location and about $4.63 million in total assets. Opened 25 years ago in 1999, BROOKLAND FEDERAL CREDIT UNION has about 1,277 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: | BROOKLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 949 Sunset Blvd WEST COLUMBIA, SC 29169 |
Phone: | (803) 794-9201 |
Fax: | (803) 794-9204 |
Website: | https://www.brooklandfcu.org |
Branches: | 1 branch locations |
Members: | 1,277 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24623 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1999 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,627,754 |
CEO/Manager: | Ronald A Cooley |
Chairperson: | Ivan Earle |
ASSETS: | $ Amount |
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Cash & Equivalents | 142,045 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 233,375 |
Other Loans | 3,294,695 |
TOTAL LOANS | 3,528,070 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,449 |
Land And Building | 0 |
Other Fixed Assets | 57,822 |
NCUSIF Deposit | 42,296 |
All Other Assets | 0 |
TOTAL ASSETS | 4,627,754 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 40,879 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 915,013 |
Regular shares | 2,876,040 |
All Other Shares & Deposits | 401,997 |
TOTAL SHARES & DEPOSITS | 4,193,049 |
TOTAL LIABILITIES | 4,233,938 |
Regular Reserve | 0 |
Other Reserves | 215,559 |
Undivided Earnings | 178,257 |
TOTAL EQUITY | 393,816 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,627,754 |
INCOME & EXPENSE | |
Loan Income | 187,865 |
Investment Income | 67,873 |
Other Income | 40,804 |
Total Employee Compensation & Benefits | 189,730 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 200,308 |
Non-operating Income & (Expense) | 85,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,169 |
Cost of Funds | 6,051 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -11,684 |
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