Mar, 31, 2021 — BAKER HUGHES FEDERAL CREDIT UNION is a federal credit union headquartered in Houston, TX with 1 branch location and about $15.49 million in total assets. Opened 57 years ago in 1964, BAKER HUGHES FEDERAL CREDIT UNION has about 1,813 members and employs 4 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 |
|---|---|
| Address: (Main Office) | PO Box 2188 Houston, TX 77252 |
| Phone: | (713) 923-9559 |
| Fax: | (713) 923-4869 |
| Website: | http://bhfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,813 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16271 |
|---|---|
| Membership Type: | Multiple common bond - Primarily machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,490,954 |
| CEO/Manager: | Mark A Levien |
| Chairperson: | Bruce K Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,348,081 |
| TOTAL INVESTMENTS | 5,448,300 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 164,515 |
| Unsecured Loans | 363,950 |
| Other Loans | 2,383,200 |
| TOTAL LOANS | 2,911,665 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,998 |
| Land And Building | 679,518 |
| Other Fixed Assets | 16,141 |
| NCUSIF Deposit | 132,786 |
| All Other Assets | 15,461 |
| TOTAL ASSETS | 15,490,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,044 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,443 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,760,512 |
| Regular shares | 8,836,840 |
| All Other Shares & Deposits | 1,384,434 |
| TOTAL SHARES & DEPOSITS | 13,981,786 |
| TOTAL LIABILITIES | 14,018,273 |
| Regular Reserve | 1,076,375 |
| Other Reserves | 0 |
| Undivided Earnings | 396,306 |
| TOTAL EQUITY | 1,472,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,490,954 |
| INCOME & EXPENSE | |
| Loan Income | 38,203 |
| Investment Income | 28,805 |
| Other Income | 12,591 |
| Total Employee Compensation & Benefits | 59,969 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 57,883 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,753 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -34,182 |
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