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Bakersfield City Employees Credit Union

Overview / Commentary
661-861-6151
2817 16th St
Bakersfield, CA 93301-3210

Bakersfield City Employees Credit Union is headquartered in Bakersfield and is the 244th largest credit union in the state of California. It is also the 2,923rd largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 8 employees and 2,593 members. Bakersfield City Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live or work in Bakersfield City or be a Golden Empire Transit employee. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bakersfield City Employees Credit Union has a low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bakersfield City Employees Credit Union had $67,000 in non-current loans and owned real-estate with $2.6 million in equity and loan loss allowances on hand to cover it. This gives Bakersfield City Employees Credit Union a Texas Ratio of 2.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Bakersfield City Employees Credit Union experienced no significant changes from 0.13% as of March 31, 2013 to 2.58% as of March 31, 2014, resulting in a negative change of 1,937.26%. This indicates that the balance sheet and financial strength for Bakersfield City Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bakersfield City Employees Credit Union has increased its total deposits by $2.1 million, resulting in 7.94% 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.

Capitalization

GRADE:
C

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 $31.12 million in assets with $2.6 million in equity, resulting in a capitalization level of 8.34%, which is average.

Institution Statistics

Overall
NCUA #1339
Year Chartered1936
Employees8
Primary Regulator
Assets and Liabilities
Assets$31.13 million
Loans$16.73 million
Deposits$28.51 million
Equity Capital$2.49 million
Loan Loss Allowance$104,000
Unbacked Noncurrent Loans$67,000
Real Estate Owned$0
Historic Data - March 2013
Assets$28.89 million
Equity Capital$2.30 million
Loan Loss Allowance$73,000
Unbacked Noncurrent Loans$67,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets0.19%
Return on Equity2.41%
Interest Income$248,000
Rates
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Bakersfield City Employees Credit Union Savings Account Rates

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

Bakersfield City Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$50k-60 Month Share Certificate
1.26%$50k-48 Month Share Certificate
1.10%$50k-36 Month Share Certificate
0.95%$50k-24 Month Share Certificate
0.80%$50k-12 Month Share Certificate
0.65%$50k-6 Month Share Certificate

Bakersfield City Employees Credit Union IRA Rates

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


Bakersfield City Employees Credit Union Locations
Branch Office2817 16th StBakersfield, CA 93301-3210