Dec, 31, 2023 — BAKER HUGHES FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $13.62 million in total assets. Opened 60 years ago in 1964, BAKER HUGHES FEDERAL CREDIT UNION has about 1,632 members and employs 3 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 HUGHES FEDERAL CREDIT UNION |
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Address: (Main Office) | 6830 Navigation Blvd HOUSTON, TX 77011 |
Phone: | (713) 923-9559 |
Fax: | (713) 923-4869 |
Website: | https://bhfcu.org |
Branches: | 1 branch locations |
Members: | 1,632 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16271 |
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Membership Type: | Multiple common bond - Primarily machinery |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,623,513 |
CEO/Manager: | Mark A Levien |
Chairperson: | Bruce K Walters |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,778,953 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 174,714 |
Unsecured Loans | 332,104 |
Other Loans | 2,052,915 |
TOTAL LOANS | 2,559,734 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,183 |
Land And Building | 644,353 |
Other Fixed Assets | 17,126 |
NCUSIF Deposit | 122,186 |
All Other Assets | 0 |
TOTAL ASSETS | 13,623,513 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,134 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 94,420 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,814,059 |
Regular shares | 8,411,548 |
All Other Shares & Deposits | 839,233 |
TOTAL SHARES & DEPOSITS | 12,064,840 |
TOTAL LIABILITIES | 12,170,394 |
Regular Reserve | 0 |
Other Reserves | 396,306 |
Undivided Earnings | 1,056,813 |
TOTAL EQUITY | 1,453,119 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,623,513 |
INCOME & EXPENSE | |
Loan Income | 145,817 |
Investment Income | 301,972 |
Other Income | 49,886 |
Total Employee Compensation & Benefits | 208,415 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 254,667 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
Cost of Funds | 27,390 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 30,347 |
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» See also Statement of Financial Condition