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BAY FEDERAL CREDIT UNION

Jun, 30, 2023 — BAY FEDERAL CREDIT UNION is a federal credit union headquartered in CAPITOLA, CA with 7 branch locations and about $1.64 billion in total assets. Opened 67 years ago in 1957, BAY FEDERAL CREDIT UNION has about 85,226 members and employs 241 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321177706
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:7 branch locations
Members:85,226
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,636,244,503
CEO/Manager:Carrie L Birkhofer
Chairperson:Taylor Bateman

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 128,828,634
TOTAL INVESTMENTS 0
Loans Held for Sale 795,000
 
 Real Estate Loans 461,944,421
 Unsecured Loans 33,027,909
 Other Loans 511,645,748
 TOTAL LOANS 1,006,618,078
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,897,205
 Land And Building 11,561,998
 Other Fixed Assets 5,119,759
 NCUSIF Deposit 13,616,575
 All Other Assets 234,659
  TOTAL ASSETS 1,636,244,503
LIABILITIES & CAPITAL:  
 Dividends Payable 55,021
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 25,076,960
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 428,124,369
 Regular shares 882,425,704
 All Other Shares & Deposits 206,033,842
  TOTAL SHARES & DEPOSITS 1,516,583,915
  TOTAL LIABILITIES 1,541,715,896
 Regular Reserve 0
 Other Reserves -22,006,697
 Undivided Earnings 116,535,304
  TOTAL EQUITY 94,528,607
  TOTAL LIABILITIES, SHARES, & EQUITY 1,636,244,503
INCOME & EXPENSE  
 Loan Income 25,402,468
 Investment Income 3,949,849
 Other Income 3,520,058
 Total Employee Compensation & Benefits 19,298,588
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,381,934
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 225,063
 Cost of Funds 1,136,338
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,366,101
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