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BAKER FEDERAL CREDIT UNION

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
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
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

Call Report

  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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