Dec, 31, 2023 — BAY CITIES CREDIT UNION is a federally insured state chartered credit union headquartered in HAYWARD, CA with 1 branch location and about $79.66 million in total assets. Opened 71 years ago in 1953, BAY CITIES CREDIT UNION has about 7,776 members and employs 18 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 |
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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: | 7,776 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68316 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $79,656,852 |
CEO/Manager: | Georgette Munoz |
Chairperson: | Norman Weisbrod |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,848,990 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,708,187 |
Unsecured Loans | 5,087,756 |
Other Loans | 16,926,414 |
TOTAL LOANS | 28,722,357 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,669 |
Land And Building | 276,239 |
Other Fixed Assets | 50,462 |
NCUSIF Deposit | 745,648 |
All Other Assets | 0 |
TOTAL ASSETS | 79,656,852 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 387,734 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,457,742 |
Regular shares | 48,595,562 |
All Other Shares & Deposits | 10,877,373 |
TOTAL SHARES & DEPOSITS | 71,930,677 |
TOTAL LIABILITIES | 72,320,117 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,336,735 |
TOTAL EQUITY | 7,336,735 |
TOTAL LIABILITIES, SHARES, & EQUITY | 79,656,852 |
INCOME & EXPENSE | |
Loan Income | 1,740,418 |
Investment Income | 1,342,708 |
Other Income | 259,360 |
Total Employee Compensation & Benefits | 1,340,674 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,681,224 |
Non-operating Income & (Expense) | -1,387 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,159 |
Cost of Funds | 13,647 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 653,879 |
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