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BLUE MOUNTAIN CREDIT UNION

Dec, 31, 2023 — BLUE MOUNTAIN CREDIT UNION is a federally insured state chartered credit union headquartered in COLLEGE PLACE, WA with 1 branch location and about $51.15 million in total assets. Opened 65 years ago in 1959, BLUE MOUNTAIN CREDIT UNION has about 4,488 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BLUE MOUNTAIN CREDIT UNION
Address:
(Main Office)
520 S College Ave
COLLEGE PLACE, WA 99324
Phone:(509) 526-4562
Fax:(509) 526-4565
Website:https://www.bmcu.com
Branches:1 branch locations
Members:4,488
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68280
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$51,151,601
CEO/Manager:Jim Drake
Chairperson:Susan Brookins

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,206,280
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 22,064,936
 Unsecured Loans 1,228,949
 Other Loans 17,985,164
 TOTAL LOANS 41,279,049
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -549,872
 Land And Building 837,573
 Other Fixed Assets 46,392
 NCUSIF Deposit 468,109
 All Other Assets 275,400
  TOTAL ASSETS 51,151,601
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 199,778
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,275,898
 Regular shares 12,628,727
 All Other Shares & Deposits 21,801,445
  TOTAL SHARES & DEPOSITS 44,706,070
  TOTAL LIABILITIES 44,905,848
 Regular Reserve 0
 Other Reserves -142,965
 Undivided Earnings 6,388,718
  TOTAL EQUITY 6,245,753
  TOTAL LIABILITIES, SHARES, & EQUITY 51,151,601
INCOME & EXPENSE  
 Loan Income 2,525,290
 Investment Income 340,976
 Other Income 227,618
 Total Employee Compensation & Benefits 896,337
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 839,873
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 331,512
 Cost of Funds 257,108
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 719,248
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