Dec, 31, 2020 — BAKER FEDERAL CREDIT UNION is a federal credit union headquartered in Phillipsburg, NJ with 1 branch location and about $39.07 million in total assets. Opened 60 years ago in 1961, BAKER FEDERAL CREDIT UNION has about 4,361 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 |
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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: | 4,361 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14127 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,070,028 |
CEO/Manager: | Susan A Rodriguez |
Chairperson: | David T Hlavinka |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,717,709 |
TOTAL INVESTMENTS | 11,195,975 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,337,095 |
Unsecured Loans | 738,097 |
Other Loans | 7,869,802 |
TOTAL LOANS | 15,944,994 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -775,450 |
Land And Building | 409,149 |
Other Fixed Assets | 50,883 |
NCUSIF Deposit | 308,353 |
All Other Assets | 218,415 |
TOTAL ASSETS | 39,070,028 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 126,365 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,146,457 |
Regular shares | 15,251,260 |
All Other Shares & Deposits | 13,328,790 |
TOTAL SHARES & DEPOSITS | 36,726,507 |
TOTAL LIABILITIES | 36,852,872 |
Regular Reserve | 1,006,207 |
Other Reserves | 74,390 |
Undivided Earnings | 1,136,559 |
TOTAL EQUITY | 2,217,156 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,070,028 |
INCOME & EXPENSE | |
Loan Income | 1,022,600 |
Investment Income | 184,559 |
Other Income | 401,530 |
Total Employee Compensation & Benefits | 557,057 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,045,884 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,882 |
Cost of Funds | 46,925 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -58,059 |
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