Dec, 31, 2023 — BAY AREA CREDIT UNION is a federally insured state chartered credit union headquartered in OREGON, OH with 1 branch location and about $78.69 million in total assets. Opened 90 years ago in 1934, BAY AREA CREDIT UNION has about 5,548 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BAY AREA CREDIT UNION |
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Address: (Main Office) | 4202 Navarre Ave OREGON, OH 43616-3562 |
Phone: | (419) 698-2962 |
Fax: | (419) 540-0155 |
Website: | https://www.bayareacu.com |
Branches: | 1 branch locations |
Members: | 5,548 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63375 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $78,694,397 |
CEO/Manager: | Jennifer S Tober |
Chairperson: | Michael Jaksetic |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,060,500 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,271,351 |
Unsecured Loans | 4,149,024 |
Other Loans | 25,541,309 |
TOTAL LOANS | 46,961,684 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -378,245 |
Land And Building | 1,304,592 |
Other Fixed Assets | 322,833 |
NCUSIF Deposit | 689,271 |
All Other Assets | 0 |
TOTAL ASSETS | 78,694,397 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 38,972 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,489,765 |
Regular shares | 31,673,497 |
All Other Shares & Deposits | 24,991,649 |
TOTAL SHARES & DEPOSITS | 68,154,911 |
TOTAL LIABILITIES | 68,193,883 |
Regular Reserve | 0 |
Other Reserves | -418,258 |
Undivided Earnings | 10,918,772 |
TOTAL EQUITY | 10,500,514 |
TOTAL LIABILITIES, SHARES, & EQUITY | 78,694,397 |
INCOME & EXPENSE | |
Loan Income | 2,489,828 |
Investment Income | 442,920 |
Other Income | 464,405 |
Total Employee Compensation & Benefits | 1,781,035 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,491,689 |
Non-operating Income & (Expense) | -125,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 139,924 |
Cost of Funds | 552,773 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 850,000 |
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