Dec, 31, 2023 — BOSSIER FEDERAL CREDIT UNION is a federal credit union headquartered in BOSSIER CITY, LA with 7 branch locations and about $250.10 million in total assets. Opened 70 years ago in 1954, BOSSIER FEDERAL CREDIT UNION has about 29,816 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BOSSIER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1961 Airline Dr BOSSIER CITY, LA 71112-2448 |
| Phone: | (318) 742-4090 |
| Fax: | (318) 742-2422 |
| Website: | https://www.bossierfcu.org |
| Branches: | 7 branch locations |
| Members: | 29,816 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9300 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $250,095,911 |
| CEO/Manager: | Jim Perkins |
| Chairperson: | William Kostelka |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,245,935 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,648,165 |
| Unsecured Loans | 20,382,151 |
| Other Loans | 105,824,430 |
| TOTAL LOANS | 154,118,346 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,020,575 |
| Land And Building | 4,186,345 |
| Other Fixed Assets | 455,681 |
| NCUSIF Deposit | 2,223,747 |
| All Other Assets | 312,900 |
| TOTAL ASSETS | 250,095,911 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 11,000,000 |
| Accounts Payable & Other Liabilities | 2,221,067 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,551,574 |
| Regular shares | 101,539,571 |
| All Other Shares & Deposits | 59,972,052 |
| TOTAL SHARES & DEPOSITS | 217,063,198 |
| TOTAL LIABILITIES | 230,284,265 |
| Regular Reserve | 0 |
| Other Reserves | 1,602,329 |
| Undivided Earnings | 18,209,317 |
| TOTAL EQUITY | 19,811,646 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 250,095,911 |
| INCOME & EXPENSE | |
| Loan Income | 7,783,724 |
| Investment Income | 1,343,978 |
| Other Income | 2,224,088 |
| Total Employee Compensation & Benefits | 4,839,631 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,842,560 |
| Non-operating Income & (Expense) | 59,426 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 844,335 |
| Cost of Funds | 1,462,288 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 580,757 |
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