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BAY CREDIT UNION

Jun, 30, 2021 — BAY CREDIT UNION is a federally insured state chartered credit union headquartered in PANAMA CITY, FL with 4 branch locations and about $114.67 million in total assets. Opened 69 years ago in 1952, BAY CREDIT UNION has about 7,903 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 263281543
Name:BAY CREDIT UNION
Address:
(Main Office)
P O BOX 2239
PANAMA CITY, FL 32402
Phone:(850) 785-6103
Fax:(850) 785-1452
Website:www.baycu.com
Branches:4 branch locations
Members:7,903
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63262
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$114,667,852
CEO/Manager:Michael Akers
Chairperson:Gary d Bliss

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,551,195
TOTAL INVESTMENTS 31,713,130
Loans Held for Sale 0
 
 Real Estate Loans 7,760,141
 Unsecured Loans 4,774,857
 Other Loans 50,238,364
 TOTAL LOANS 62,773,362
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -319,347
 Land And Building 4,991,271
 Other Fixed Assets 506,561
 NCUSIF Deposit 934,652
 All Other Assets 2,517,028
  TOTAL ASSETS 114,667,852
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,248,821
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 30,636,295
 Regular shares 54,789,296
 All Other Shares & Deposits 17,109,913
  TOTAL SHARES & DEPOSITS 102,535,504
  TOTAL LIABILITIES 103,784,325
 Regular Reserve 1,517,873
 Other Reserves -389,347
 Undivided Earnings 9,755,001
  TOTAL EQUITY 10,883,527
  TOTAL LIABILITIES, SHARES, & EQUITY 114,667,852
INCOME & EXPENSE  
 Loan Income 1,438,717
 Investment Income 190,306
 Other Income 374,811
 Total Employee Compensation & Benefits 845,506
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 887,757
 Non-operating Income & (Expense) 12,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 63,603
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 289,894
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