A bearing assembly for use in an apparatus having a housing and a shaft which is rotatably connected with the housing. A shaft extension extends from the interior of the housing at a first housing end. The shaft extension defines a first bearing shaft surface. The bearing assembly includes a first thrust bearing for transferring a first axial load between the shaft and the housing. The first thrust bearing is located axially between the first housing end and the first bearing shaft surface. The bearing assembly also includes a radial bearing for transferring a radial load between the shaft and the housing. The radial bearing is located within the interior of the housing.