BASHAS' ASSOCIATES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.bafcu.com for more information.
Dec, 31, 2023 — BASHAS' ASSOCIATES FEDERAL CREDIT UNION is a federal credit union headquartered in Tempe, AZ with 2 branch locations and about $21.39 million in total assets. Opened 57 years ago in 1967, BASHAS' ASSOCIATES FEDERAL CREDIT UNION has about 3,907 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BASHAS' ASSOCIATES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 735 E Guadalupe Road Tempe, AZ 85283-2911 |
| Phone: | (480) 831-0098 |
| Fax: | (480) 831-1438 |
| Website: | https://www.bafcu.com |
| Branches: | 2 branch locations |
| Members: | 3,907 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18171 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,387,631 |
| CEO/Manager: | LESLEY PETERSON |
| Chairperson: | Steve Boynton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,797,884 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,897,846 |
| Other Loans | 5,408,416 |
| TOTAL LOANS | 7,306,262 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179,140 |
| Land And Building | 0 |
| Other Fixed Assets | 29,388 |
| NCUSIF Deposit | 184,394 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,387,631 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,190 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,437,554 |
| Regular shares | 14,996,762 |
| All Other Shares & Deposits | 1,439,221 |
| TOTAL SHARES & DEPOSITS | 19,873,537 |
| TOTAL LIABILITIES | 19,904,727 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,482,904 |
| TOTAL EQUITY | 1,482,904 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,387,631 |
| INCOME & EXPENSE | |
| Loan Income | 140,021 |
| Investment Income | 19,939 |
| Other Income | 51,965 |
| Total Employee Compensation & Benefits | 71,762 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 218,514 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,000 |
| Cost of Funds | 5,458 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -39,376 |
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