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BRONCO FEDERAL CREDIT UNION

Dec, 31, 2023 — BRONCO FEDERAL CREDIT UNION is a federal credit union headquartered in FRANKLIN, VA with 3 branch locations and about $251.94 million in total assets. Opened 83 years ago in 1941, BRONCO FEDERAL CREDIT UNION has about 18,600 members and employs 56 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: 251480592
Name:BRONCO FEDERAL CREDIT UNION
Address:
(Main Office)
135 Stewart Dr
FRANKLIN, VA 23851
Phone:(757) 569-6000
Fax:(757) 569-6010
Website:https://www.broncofcu.com
Branches:3 branch locations
Members:18,600
Credit Union Type:Federal Credit Union
Charter Number:4616
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1941
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$251,938,335
CEO/Manager:Brian Hedgepeth
Chairperson:Thomas R Cotton Jr

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 52,133,426
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 66,910,562
 Unsecured Loans 9,928,792
 Other Loans 88,724,863
 TOTAL LOANS 167,790,181
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,305,048
 Land And Building 3,753,580
 Other Fixed Assets 339,780
 NCUSIF Deposit 2,155,644
 All Other Assets 281,084
  TOTAL ASSETS 251,938,335
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 241,575
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 51,117,870
 Regular shares 113,296,353
 All Other Shares & Deposits 62,741,374
  TOTAL SHARES & DEPOSITS 227,155,597
  TOTAL LIABILITIES 227,397,172
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 24,541,163
  TOTAL EQUITY 24,541,163
  TOTAL LIABILITIES, SHARES, & EQUITY 251,938,335
INCOME & EXPENSE  
 Loan Income 8,671,822
 Investment Income 2,973,644
 Other Income 874,605
 Total Employee Compensation & Benefits 4,027,495
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,225,837
 Non-operating Income & (Expense) 306,699
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,039,479
 Cost of Funds 1,113,072
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,382,845
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