Bakersfield City Employees Credit Union

Bakersfield City Employees Credit Union Locations
2817 16th Street
Bakersfield, CA 93301
(661) 861-6151
www.bakcityefcu.org



Bakersfield City Employees Credit Union is headquartered in Bakersfield and is the 265th largest credit union in the state of California. It is also the 3,035th largest credit union in the nation. It was established in 1936 and as of December of 2011, it had grown to 7 employees and 2,582 members. Bakersfield City Employees Credit Union has a 5-star health rating.



See Rates for: Savings | CD | IRA

Bakersfield City Employees Credit Union Savings Account Rates

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0.15%$100-Regular Share Account
0.05%--Club Account

Bakersfield City Employees Credit Union CD Rates

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1.36%$50k-60 Month Share Certificate
1.21%$50k-48 Month Share Certificate
1.06%$50k-36 Month Share Certificate
0.90%$50k-24 Month Share Certificate
0.75%$50k-12 Month Share Certificate
0.60%$50k-6 Month Share Certificate

Bakersfield City Employees Credit Union IRA Rates

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0.80%$50k-2 Year IRA
0.60%$50k-1 Year IRA

Rates updated: 5/22/2012

Data for Q4 2011


Institution Statistics


BAKERSFIELD CITY EMPLOYEES
NCUA #1339
BankRate ReportView
Year Chartered1936
Employees7
Primary Regulator

Assets and Liabilities

Assets$28.15 million
Loans$15.65 million
Deposits$25.81 million
Equity Capital$2.26 million
Loan Loss Allowance$130,000
Unbacked Noncurrent Loans$109,000

Historic Data - December 2010

Assets$26.84 million
Equity Capital$2.14 million
Loan Loss Allowance$243,000
Unbacked Noncurrent Loans$52,000

Profit Margin - Quarterly

Net Interest Margin4.69%
Return on Assets0.48%
Return on Equity6.01%
Interest Income$1.08 million
Non-Interest Income$254,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bakersfield City Employees Credit Union had $109,000 in non-current loans and owned real-estate with $2.39 million in equity and loan loss allowances on hand to cover it. This gives Bakersfield City Employees Credit Union a Texas Ratio of 4.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Bakersfield City Employees Credit Union held steady from 2.18% as of December 31, 2010 to 4.56% as of December 31, 2011, resulting in a negative change of 108.83%. This indicates that the balance sheet and financial strength for Bakersfield City Employees Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Bakersfield City Employees Credit Union has increased its total deposits by $1.24 million, resulting in 5.03% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bakersfield City Employees Credit Union has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bakersfield City Employees Credit Union has $28.15 million in assets with $2.39 million in equity, resulting in a capitalization level of 8.50%, which is average.
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