Jun, 30, 2024 — BEFIT FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in VACAVILLE, CA with 1 branch location and about $43.48 million in total assets. Opened 67 years ago in 1957, BEFIT FINANCIAL FEDERAL CREDIT UNION has about 3,039 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: | BEFIT FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| 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: | 3,039 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11943 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,484,170 |
| CEO/Manager: | Maybelline N Bito |
| Chairperson: | Lynette A Howard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,606,428 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,343,531 |
| Unsecured Loans | 8,529,278 |
| Other Loans | 5,909,935 |
| TOTAL LOANS | 24,782,744 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,607 |
| Land And Building | 2,192,648 |
| Other Fixed Assets | 286,187 |
| NCUSIF Deposit | 390,323 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,484,170 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 393,500 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,118,410 |
| Regular shares | 29,927,867 |
| All Other Shares & Deposits | 663,561 |
| TOTAL SHARES & DEPOSITS | 39,709,838 |
| TOTAL LIABILITIES | 40,103,338 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,380,832 |
| TOTAL EQUITY | 3,380,832 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,484,170 |
| INCOME & EXPENSE | |
| Loan Income | 736,664 |
| Investment Income | 118,014 |
| Other Income | 312,915 |
| Total Employee Compensation & Benefits | 393,030 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 711,334 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 2,681 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 122,385 |
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