Dec, 31, 2023 — BAKERSFIELD CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BAKERSFIELD, CA with 1 branch location and about $31.08 million in total assets. Opened 88 years ago in 1936, BAKERSFIELD CITY EMPLOYEES FEDERAL CREDIT UNION has about 2,181 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: | BAKERSFIELD CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2817 16th St BAKERSFIELD, CA 93301-3210 |
| Phone: | (661) 861-6151 |
| Fax: | (661) 323-8709 |
| Website: | https://www.bakcityefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,181 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1339 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,079,480 |
| CEO/Manager: | Tania E Brandon |
| Chairperson: | Paul Archer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,729,795 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,215,689 |
| Unsecured Loans | 1,087,765 |
| Other Loans | 9,178,674 |
| TOTAL LOANS | 17,482,129 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,013 |
| Land And Building | 436,298 |
| Other Fixed Assets | 41,242 |
| NCUSIF Deposit | 332,177 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,079,480 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 62,133 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,002,237 |
| Regular shares | 16,713,364 |
| All Other Shares & Deposits | 6,989,663 |
| TOTAL SHARES & DEPOSITS | 28,705,265 |
| TOTAL LIABILITIES | 28,767,398 |
| Regular Reserve | 0 |
| Other Reserves | 250,693 |
| Undivided Earnings | 2,061,389 |
| TOTAL EQUITY | 2,312,082 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,079,480 |
| INCOME & EXPENSE | |
| Loan Income | 888,436 |
| Investment Income | 180,838 |
| Other Income | 187,065 |
| Total Employee Compensation & Benefits | 428,575 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 603,979 |
| Non-operating Income & (Expense) | -3 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,348 |
| Cost of Funds | 36,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,893 |
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