Jun, 30, 2024 — BAY CITIES CREDIT UNION is a federally insured state chartered credit union headquartered in HAYWARD, CA with 1 branch location and about $88.10 million in total assets. Opened 71 years ago in 1953, BAY CITIES CREDIT UNION has about 8,565 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAY CITIES CREDIT UNION |
|---|---|
| Address: (Main Office) | 22777 Main St HAYWARD, CA 94541-5113 |
| Phone: | (510) 690-6100 |
| Fax: | (510) 881-1929 |
| Website: | https://www.baycities.org |
| Branches: | 1 branch locations |
| Members: | 8,565 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68316 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $88,095,363 |
| CEO/Manager: | Georgette Munoz |
| Chairperson: | Norman Weisbrod |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,867,750 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,265,296 |
| Unsecured Loans | 4,567,717 |
| Other Loans | 15,920,343 |
| TOTAL LOANS | 24,753,356 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -175,258 |
| Land And Building | 384,978 |
| Other Fixed Assets | 58,266 |
| NCUSIF Deposit | 775,787 |
| All Other Assets | 0 |
| TOTAL ASSETS | 88,095,363 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 333,149 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,163,192 |
| Regular shares | 52,263,026 |
| All Other Shares & Deposits | 14,683,326 |
| TOTAL SHARES & DEPOSITS | 81,109,544 |
| TOTAL LIABILITIES | 81,442,693 |
| Regular Reserve | 0 |
| Other Reserves | 1,898,319 |
| Undivided Earnings | 4,754,351 |
| TOTAL EQUITY | 6,652,670 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,095,363 |
| INCOME & EXPENSE | |
| Loan Income | 1,067,136 |
| Investment Income | 289,052 |
| Other Income | 196,423 |
| Total Employee Compensation & Benefits | 959,620 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,262,819 |
| Non-operating Income & (Expense) | -43 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 13,469 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -293,479 |
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