Dec, 31, 2023 — BAYCEL FEDERAL CREDIT UNION is a federal credit union headquartered in BAY CITY, TX with 3 branch locations and about $83.20 million in total assets. Opened 61 years ago in 1963, BAYCEL FEDERAL CREDIT UNION has about 5,200 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BAYCEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 2320 6TH ST BAY CITY, TX 77414-5240 |
Phone: | (979) 244-3995 |
Fax: | (979) 244-8207 |
Website: | https://www.baycel.org |
Branches: | 3 branch locations |
Members: | 5,200 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15563 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $83,200,290 |
CEO/Manager: | Paula Abshier |
Chairperson: | Kristi Moss |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,961,065 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,885,716 |
Unsecured Loans | 4,056,783 |
Other Loans | 27,555,126 |
TOTAL LOANS | 34,497,625 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,863 |
Land And Building | 1,154,631 |
Other Fixed Assets | 41,400 |
NCUSIF Deposit | 662,664 |
All Other Assets | 0 |
TOTAL ASSETS | 83,200,290 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 266,320 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,489,264 |
Regular shares | 40,758,920 |
All Other Shares & Deposits | 11,158,144 |
TOTAL SHARES & DEPOSITS | 67,406,329 |
TOTAL LIABILITIES | 67,672,649 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 15,527,641 |
TOTAL EQUITY | 15,527,641 |
TOTAL LIABILITIES, SHARES, & EQUITY | 83,200,290 |
INCOME & EXPENSE | |
Loan Income | 1,768,346 |
Investment Income | 779,490 |
Other Income | 261,480 |
Total Employee Compensation & Benefits | 763,719 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 863,376 |
Non-operating Income & (Expense) | 3,960 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,846 |
Cost of Funds | 357,412 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,177,862 |
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