Bay Federal Credit Union :

Bay Federal Credit Union was chartered in 1957 and its charter number is 12067. Bay Federal Credit Union's address registered with the NCUA is 3333 CLARES STREET CAPITOLA, CA 95010. As of 07/24/06, Bay FCU reported $523,291,717 in assets. The credit union currently has 55,042 members. It's Manager/CEO is Carrie L. Birkhofer. The credit unions website is www.bayfed.com

Bay Federal Credit Union is a member of the California Credit Union League.


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Bay Credit Union Financial Evaluation

As of December 31, 2006
Total Assets: $537,099,492
Total Loans: $489,307,032
Net Worth Ratio: 8.76
% Share Growth: 2.37
% Loan Growth: 5.7
Loans/Assets Ratio: 91.1
Investment/Assets Ratio: 3.17
Number of Members: 54,819
Number of Full-time Employees: 196

In the year of 2006, Bay Credit Union assets increased by 0.05% and its membership increased by 0.01%. Bay CU's membership increased by a total of 816 members. Assets increased by the amount of $27,549,455. The total loan amounts went from $462,887,528 in 2005 to $489,307,032 in 2006. Their net worth ratio increased to 8.76. Bay CU increased their job opportunities to 196 by adding 16 employees.

As of December 31, 2005
Total Assets: $509,550,037
Total Loans: $462,887,528
Net Worth Ratio: 8.44
% Share Growth: 12.48
% Loan Growth: 13.2
Loans/Assets Ratio: 90.84
Investment/Assets Ratio: 3.93
Number of Members: 54,003
Number of Full-time Employees: 180

In the year of 2005, Bay Credit Union assets increased by 0.14% and its membership increased by 0.04%. Bay CU's membership increased by a total of 2,005 members. Assets increased by the amount of $73,022,857. The total loan amounts went from $408,879,575 in 2004 to $462,887,528 in 2005. Their net worth ratio decreased slightly to 8.44. Bay CU increased their job opportunities to 180 by adding 17 employees.

As of December 31, 2004
Total Assets: $436,527,180
Total Loans: $408,879,575
Net Worth Ratio: 8.58
% Share Growth: 16.52
% Loan Growth: 21.06
Loans/Assets Ratio: 93.66
Investment/Assets Ratio: 2.66
Number of Members: 51,998
Number of Full-time Employees: 163

 
Recent Credit Union News Headlines:

  • Coastal Federal Credit Union has selected SAS Money Laundering Detection to help fortify its anti-money laundering (AML) program and adhere to the regulations of the USA PATRIOT Act.

  • Oswego County Federal Credit Union (OCFCU), has converted its "Scotty Savers" club to the "Scholar Dollars" children's' savings program, it was announced by William Carhart, CEO.

  • To join Christian Community Credit Union, you must affirm a personal statement of faith. The statement is clearly laid out on Christian Community's Web site.
 
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Credit Union News:

Fort Mill man convicted in pipe-bomb scheme
The State - Feb 2, 2008
An 18-year-old Fort Mill man has been convicted for his role in a scheme to plant pipe bombs at a Charlotte school to provide a diversion while a group of men robbed Founders Credit Union. Steven Michael Eddington was convicted Thursday of conspiracy to rob a bank, possession of explosive devices and other charges, Assistant U.S. Attorney Kevin McDonald said. Eddington’s father, Timothy Wayne ...

Full Story: http://www.thestate.com/local/story/305620.html

Credit union opens new branch but thoughts of guests were with Kevin Dupé after heart attack
Armidale Express - Feb 5, 2008
THE official opening of the New England Credit Union (NECU) branch on Friday didn’t quite go to plan, but the morning still displayed the organisation’s strong commitment to the community.

Full Story: http://armidale.yourguide.com.au/news/local/general/credit-union-opens-new-branch-but-thoughts-of-guests-were-with-kevin-dup-after-heart-attack/1176457.html

Business expo Tuesday has Mardi Gras theme
Wisconsin Rapids Daily Tribune - Feb 04, 2008
A business expo and Mardi Gras event is set from 4:30 p.m. to 8:30 p.m. Tuesday at Hotel Mead. The event is sponsored by Heart of Wisconsin Business Economic Alliance, Keller Inc., Mid-State Technical College, Solarus, Hotel Mead, Bulls Eye Credit Union, Clifton Gunderson Financial Services, Ellis Stone Construction Co., Nicolet Staffing, Sratoga Community Bank, Sleep Inn Suites-Plover and Grand ...

Full Story: http://www.wisconsinrapidstribune.com/apps/pbcs.dll/article?AID=/20080204/WRT0101/80204144


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