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BAKER FEDERAL CREDIT UNION

Mar, 31, 2022 — BAKER FEDERAL CREDIT UNION is a federal credit union headquartered in PHILLIPSBURG, NJ with 1 branch location and about $43.60 million in total assets. Opened 61 years ago in 1961, BAKER FEDERAL CREDIT UNION has about 3,958 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BAKER FEDERAL CREDIT UNION
Address:
(Main Office)
501 Baltimore St
PHILLIPSBURG, NJ 08865-1845
Phone:(908) 859-2340
Fax:(908) 859-1817
Website:http://www.bakerfcu.org
Branches:1 branch locations
Members:3,958
Credit Union Type:Federal Credit Union
Charter Number:14127
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1961
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$43,597,450
CEO/Manager:Susan A Rodriguez
Chairperson:David T Hlavinka

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,589,342
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,915,719
 Unsecured Loans 576,901
 Other Loans 6,352,598
 TOTAL LOANS 12,845,218
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -151,406
 Land And Building 378,126
 Other Fixed Assets 19,343
 NCUSIF Deposit 361,675
 All Other Assets 0
  TOTAL ASSETS 43,597,450
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 123,200
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,752,426
 Regular shares 18,159,276
 All Other Shares & Deposits 13,983,291
  TOTAL SHARES & DEPOSITS 41,894,993
  TOTAL LIABILITIES 42,018,193
 Regular Reserve 0
 Other Reserves 1,173,358
 Undivided Earnings 405,899
  TOTAL EQUITY 1,579,257
  TOTAL LIABILITIES, SHARES, & EQUITY 43,597,450
INCOME & EXPENSE  
 Loan Income 152,219
 Investment Income 43,966
 Other Income 190,992
 Total Employee Compensation & Benefits 140,760
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 841,235
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -499,367
 Cost of Funds 7,290
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -691,131
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