Dec, 31, 2023 — BEFIT FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in VACAVILLE, CA with 1 branch location and about $38.32 million in total assets. Opened 67 years ago in 1957, BEFIT FINANCIAL FEDERAL CREDIT UNION has about 2,887 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BEFIT FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 640 E Main St VACAVILLE, CA 95688-3933 |
Phone: | (707) 557-8900 |
Fax: | (707) 359-4515 |
Website: | https://www.bffcu.org |
Branches: | 1 branch locations |
Members: | 2,887 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11943 |
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Membership Type: | Service - Health Care |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,321,238 |
CEO/Manager: | Maybelline N Bito |
Chairperson: | Lynette A Howard |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,729,508 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,317,532 |
Unsecured Loans | 9,644,069 |
Other Loans | 5,510,994 |
TOTAL LOANS | 25,472,595 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,628 |
Land And Building | 2,118,799 |
Other Fixed Assets | 196,507 |
NCUSIF Deposit | 365,949 |
All Other Assets | 0 |
TOTAL ASSETS | 38,321,238 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 771,879 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,244,225 |
Regular shares | 22,728,559 |
All Other Shares & Deposits | 3,098,344 |
TOTAL SHARES & DEPOSITS | 34,071,128 |
TOTAL LIABILITIES | 34,843,007 |
Regular Reserve | 0 |
Other Reserves | -176,974 |
Undivided Earnings | 3,655,205 |
TOTAL EQUITY | 3,478,231 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,321,238 |
INCOME & EXPENSE | |
Loan Income | 1,160,512 |
Investment Income | 224,855 |
Other Income | 404,336 |
Total Employee Compensation & Benefits | 531,654 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 964,369 |
Non-operating Income & (Expense) | 560 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,000 |
Cost of Funds | 58,868 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 198,102 |
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