Baker Federal Credit Union
Our records indicate that this credit union has been acquired by FIRST COMMONWEALTH.
Headquarters
501 Baltimore St
Phillipsburg, NJ 08865
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2024 Overview
General Credit Union Information
Baker is an NCUA insured institution located in Phillipsburg, NJ. It was founded in 1961 and has approximately $43.6 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 14127 |
| Date Established | 1961 |
| Assets | $43.60 million |
| Loans | $12.85 million |
| Deposits | $41.89 million |
| Capital | $1.58 million |
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.10% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.10% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.10% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.20% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.20% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Baker
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
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More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Baker
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Branches
Below are Baker branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
BAKER is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Baker Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Baker. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Baker | U.S. Average |
|---|---|
| 16.10% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Baker had $237,469 in non-current loans and $41,089 in owned assets. To cover these potential losses it had $1,579,257 in net worth and $151,406 in loans loss reserves. That gives it a Texas Ratio of 16.10%.
Net Worth
| Baker | U.S. Average |
|---|---|
| 3.62% | 13.93% |
Baker FCU has a net worth of 3.62% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Baker
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