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BAY FEDERAL CREDIT UNION

Dec, 31, 2020 — BAY FEDERAL CREDIT UNION is a federal credit union headquartered in CAPITOLA, CA with 7 branch locations and about $1.40 billion in total assets. Opened 64 years ago in 1957, BAY FEDERAL CREDIT UNION has about 79,676 members and employs 232 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:79,676
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:$1,395,208,300
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 211,672,583
TOTAL INVESTMENTS 377,570,864
Loans Held for Sale 5,230,907
 
 Real Estate Loans 359,949,360
 Unsecured Loans 26,041,109
 Other Loans 378,939,033
 TOTAL LOANS 764,929,502
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,890,440
 Land And Building 11,228,896
 Other Fixed Assets 3,355,552
 NCUSIF Deposit 10,741,238
 All Other Assets 16,369,198
  TOTAL ASSETS 1,395,208,300
LIABILITIES & CAPITAL:  
 Dividends Payable 9,014
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,501,290
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 358,781,175
 Regular shares 695,650,746
 All Other Shares & Deposits 208,034,253
  TOTAL SHARES & DEPOSITS 1,262,466,174
  TOTAL LIABILITIES 1,280,976,478
 Regular Reserve 12,908,459
 Other Reserves 7,464,633
 Undivided Earnings 93,858,730
  TOTAL EQUITY 114,231,822
  TOTAL LIABILITIES, SHARES, & EQUITY 1,395,208,300
INCOME & EXPENSE  
 Loan Income 30,884,108
 Investment Income 4,866,788
 Other Income 13,206,030
 Total Employee Compensation & Benefits 22,008,954
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,023,062
 Non-operating Income & (Expense) 119,910
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,257,842
 Cost of Funds 2,639,444
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,147,534
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