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BAKER FEDERAL CREDIT UNION

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

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 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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