Mar, 31, 2021 — BAKER FEDERAL CREDIT UNION is a federal credit union headquartered in Phillipsburg, NJ with 1 branch location and about $42.58 million in total assets. Opened 60 years ago in 1961, BAKER FEDERAL CREDIT UNION has about 4,250 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: | 4,250 |
| 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: | $42,579,828 |
| CEO/Manager: | Susan A Rodriguez |
| Chairperson: | David T Hlavinka |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,320,588 |
| TOTAL INVESTMENTS | 17,014,338 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,729,698 |
| Unsecured Loans | 682,941 |
| Other Loans | 7,482,108 |
| TOTAL LOANS | 14,894,747 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -641,720 |
| Land And Building | 403,451 |
| Other Fixed Assets | 53,243 |
| NCUSIF Deposit | 308,353 |
| All Other Assets | 226,828 |
| TOTAL ASSETS | 42,579,828 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,497 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,024,030 |
| Regular shares | 17,543,173 |
| All Other Shares & Deposits | 13,736,509 |
| TOTAL SHARES & DEPOSITS | 40,303,712 |
| TOTAL LIABILITIES | 40,331,209 |
| Regular Reserve | 1,045,276 |
| Other Reserves | -101,794 |
| Undivided Earnings | 1,305,137 |
| TOTAL EQUITY | 2,248,619 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,579,828 |
| INCOME & EXPENSE | |
| Loan Income | 199,740 |
| Investment Income | 47,853 |
| Other Income | 106,445 |
| Total Employee Compensation & Benefits | 124,750 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 258,641 |
| Non-operating Income & (Expense) | 121,267 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -125,000 |
| Cost of Funds | 9,267 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 207,647 |
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