Dec, 31, 2021 — BAKER HUGHES FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $14.59 million in total assets. Opened 58 years ago in 1964, BAKER HUGHES FEDERAL CREDIT UNION has about 1,742 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: | http://bhfcu.org |
Branches: | 1 branch locations |
Members: | 1,742 |
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: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,585,430 |
CEO/Manager: | Mark A Levien |
Chairperson: | Bruce K Walters |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,506,917 |
TOTAL INVESTMENTS | 4,601,300 |
Loans Held for Sale | 0 |
Real Estate Loans | 329,520 |
Unsecured Loans | 376,808 |
Other Loans | 1,939,942 |
TOTAL LOANS | 2,646,270 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,685 |
Land And Building | 669,928 |
Other Fixed Assets | 15,722 |
NCUSIF Deposit | 132,786 |
All Other Assets | 47,192 |
TOTAL ASSETS | 14,585,430 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,022 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 127,400 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,277,301 |
Regular shares | 8,446,501 |
All Other Shares & Deposits | 1,280,715 |
TOTAL SHARES & DEPOSITS | 13,004,517 |
TOTAL LIABILITIES | 13,132,939 |
Regular Reserve | 396,306 |
Other Reserves | 0 |
Undivided Earnings | 1,056,185 |
TOTAL EQUITY | 1,452,491 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,585,430 |
INCOME & EXPENSE | |
Loan Income | 142,025 |
Investment Income | 84,180 |
Other Income | 52,612 |
Total Employee Compensation & Benefits | 222,753 |
NCUSIF Premiums Expense | 4,007 |
Total Other Operating Expenses | 219,513 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 6,913 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -54,369 |
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