Dec, 31, 2023 — BCM FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 2 branch locations and about $42.03 million in total assets. Opened 65 years ago in 1959, BCM FEDERAL CREDIT UNION has about 4,995 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BCM FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Baylor Plz Ste 59E HOUSTON, TX 77030-3411 |
Phone: | (713) 798-4820 |
Fax: | (713) 798-4200 |
Website: | https://www.bcmfcu.com |
Branches: | 2 branch locations |
Members: | 4,995 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12892 |
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Membership Type: | Service - Health Care |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,030,150 |
CEO/Manager: | Tony L Black |
Chairperson: | Danette Bagley Thierry |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,715,519 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,198,683 |
Unsecured Loans | 4,606,877 |
Other Loans | 11,077,684 |
TOTAL LOANS | 21,883,244 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -653,369 |
Land And Building | 14,770 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 417,294 |
All Other Assets | 0 |
TOTAL ASSETS | 42,030,150 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 36,456 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 122,165 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,939,761 |
Regular shares | 26,656,446 |
All Other Shares & Deposits | 3,210,360 |
TOTAL SHARES & DEPOSITS | 37,806,567 |
TOTAL LIABILITIES | 37,965,188 |
Regular Reserve | 0 |
Other Reserves | 1,491,240 |
Undivided Earnings | 2,573,722 |
TOTAL EQUITY | 4,064,962 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,030,150 |
INCOME & EXPENSE | |
Loan Income | 1,264,375 |
Investment Income | 935,320 |
Other Income | 209,939 |
Total Employee Compensation & Benefits | 666,105 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 832,510 |
Non-operating Income & (Expense) | 1,002 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,934 |
Cost of Funds | 359,464 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 623,758 |
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