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 |
| 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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