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BAY FEDERAL CREDIT UNION

Mar, 31, 2021 — BAY FEDERAL CREDIT UNION is a federal credit union headquartered in CAPITOLA, CA with 7 branch locations and about $1.48 billion in total assets. Opened 64 years ago in 1957, BAY FEDERAL CREDIT UNION has about 80,294 members and employs 233 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:http://www.bayfed.com
Branches:7 branch locations
Members:80,294
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:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,483,176,874
CEO/Manager:Carrie L Birkhofer
Chairperson:Taylor Bateman

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 221,536,917
TOTAL INVESTMENTS 445,564,304
Loans Held for Sale 2,006,074
 
 Real Estate Loans 369,853,322
 Unsecured Loans 24,915,165
 Other Loans 380,838,461
 TOTAL LOANS 775,606,948
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,783,328
 Land And Building 11,111,067
 Other Fixed Assets 3,551,183
 NCUSIF Deposit 10,741,238
 All Other Assets 18,842,471
  TOTAL ASSETS 1,483,176,874
LIABILITIES & CAPITAL:  
 Dividends Payable 21,050
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 20,418,824
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 384,325,085
 Regular shares 753,092,752
 All Other Shares & Deposits 210,863,363
  TOTAL SHARES & DEPOSITS 1,348,281,200
  TOTAL LIABILITIES 1,368,721,074
 Regular Reserve 12,908,459
 Other Reserves 4,540,815
 Undivided Earnings 97,006,526
  TOTAL EQUITY 114,455,800
  TOTAL LIABILITIES, SHARES, & EQUITY 1,483,176,874
INCOME & EXPENSE  
 Loan Income 7,346,498
 Investment Income 1,133,163
 Other Income 869,692
 Total Employee Compensation & Benefits 6,032,040
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,434,722
 Non-operating Income & (Expense) 108
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 250,000
 Cost of Funds 467,362
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,147,796
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