Sep, 30, 2025 — BAY FEDERAL CREDIT UNION is a federal credit union headquartered in CAPITOLA, CA with 8 branch locations and about $1.82 billion in total assets. Opened 69 years ago in 1957, BAY FEDERAL CREDIT UNION has about 95,228 members and employs 258 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3333 Clares St CAPITOLA, CA 95010-2546 |
| Phone: | (831) 479-6000 |
| Fax: | (831) 479-6095 |
| Website: | https://www.bayfed.com |
| Branches: | 8 branch locations |
| Members: | 95,228 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12067 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,817,011,045 |
| CEO/Manager: | Carrie L Birkhofer |
| Chairperson: | Piret Harmon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 265,241,950 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 619,486,169 |
| Unsecured Loans | 54,255,421 |
| Other Loans | 486,421,250 |
| TOTAL LOANS | 1,160,162,840 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,179,540 |
| Land And Building | 5,629,366 |
| Other Fixed Assets | 3,623,383 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,208,522 |
| All Other Assets | 702,678 |
| TOTAL ASSETS | 1,817,011,045 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55,034 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,675,299 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 364,289,317 |
| Regular shares | 768,747,913 |
| All Other Shares & Deposits | 492,594,822 |
| TOTAL SHARES & DEPOSITS | 1,625,632,053 |
| TOTAL LIABILITIES | 1,651,362,386 |
| Regular Reserve | 0 |
| Other Reserves | -6,343,707 |
| Undivided Earnings | 171,992,366 |
| TOTAL EQUITY | 165,648,659 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,817,011,045 |
| INCOME & EXPENSE | |
| Loan Income | 46,708,373 |
| Investment Income | 13,558,881 |
| Other Income | 4,169,134 |
| Total Employee Compensation & Benefits | 25,708,905 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,957,284 |
| Non-operating Income & (Expense) | 4,159,884 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,123,594 |
| Cost of Funds | 17,749,868 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,564,284 |
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