Dec, 31, 2023 — BAKER HUGHES FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $13.62 million in total assets. Opened 60 years ago in 1964, BAKER HUGHES FEDERAL CREDIT UNION has about 1,632 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 |
|---|---|
| Address: (Main Office) | 6830 Navigation Blvd HOUSTON, TX 77011 |
| Phone: | (713) 923-9559 |
| Fax: | (713) 923-4869 |
| Website: | https://bhfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,632 |
| 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: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,623,513 |
| CEO/Manager: | Mark A Levien |
| Chairperson: | Bruce K Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,778,953 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 174,714 |
| Unsecured Loans | 332,104 |
| Other Loans | 2,052,915 |
| TOTAL LOANS | 2,559,734 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,183 |
| Land And Building | 644,353 |
| Other Fixed Assets | 17,126 |
| NCUSIF Deposit | 122,186 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,623,513 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,134 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 94,420 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,814,059 |
| Regular shares | 8,411,548 |
| All Other Shares & Deposits | 839,233 |
| TOTAL SHARES & DEPOSITS | 12,064,840 |
| TOTAL LIABILITIES | 12,170,394 |
| Regular Reserve | 0 |
| Other Reserves | 396,306 |
| Undivided Earnings | 1,056,813 |
| TOTAL EQUITY | 1,453,119 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,623,513 |
| INCOME & EXPENSE | |
| Loan Income | 145,817 |
| Investment Income | 301,972 |
| Other Income | 49,886 |
| Total Employee Compensation & Benefits | 208,415 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 254,667 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
| Cost of Funds | 27,390 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,347 |
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