Jun, 30, 2024 — BAKERSFIELD CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BAKERSFIELD, CA with 1 branch location and about $36.92 million in total assets. Opened 88 years ago in 1936, BAKERSFIELD CITY EMPLOYEES FEDERAL CREDIT UNION has about 2,383 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAKERSFIELD CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2817 16th St BAKERSFIELD, CA 93301-3210 |
| Phone: | (661) 861-6151 |
| Fax: | (661) 323-8709 |
| Website: | https://www.bakcityefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,383 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1339 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,917,637 |
| CEO/Manager: | Gloria m Scales |
| Chairperson: | Paul Archer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,369,869 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,750,180 |
| Unsecured Loans | 1,092,164 |
| Other Loans | 9,858,715 |
| TOTAL LOANS | 17,701,059 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,068 |
| Land And Building | 456,692 |
| Other Fixed Assets | 41,141 |
| NCUSIF Deposit | 343,957 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,917,637 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,911 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 116,659 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,296,786 |
| Regular shares | 22,007,869 |
| All Other Shares & Deposits | 7,812,994 |
| TOTAL SHARES & DEPOSITS | 35,117,649 |
| TOTAL LIABILITIES | 35,238,219 |
| Regular Reserve | 0 |
| Other Reserves | -617,404 |
| Undivided Earnings | 2,296,822 |
| TOTAL EQUITY | 1,679,418 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,917,637 |
| INCOME & EXPENSE | |
| Loan Income | 519,070 |
| Investment Income | 93,771 |
| Other Income | 49,833 |
| Total Employee Compensation & Benefits | 387,588 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 541,438 |
| Non-operating Income & (Expense) | 339 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,137 |
| Cost of Funds | 40,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -221,748 |
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