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BROOKLAND FEDERAL CREDIT UNION

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.


ABA Routing Number: 053285487
Name:BROOKLAND FEDERAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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