Dec, 31, 2023 — BAYOU COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT GABRIEL, LA with 2 branch locations and about $16.13 million in total assets. Opened 67 years ago in 1957, BAYOU COMMUNITY FEDERAL CREDIT UNION has about 1,682 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BAYOU COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 6190 Highway 74 SAINT GABRIEL, LA 70776 |
Phone: | (225) 642-8663 |
Fax: | (225) 642-5909 |
Website: | https://www.bayoucfcu.com |
Branches: | 2 branch locations |
Members: | 1,682 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11782 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,127,698 |
CEO/Manager: | MELISSA A MALLET |
Chairperson: | FRANK PANEPINTO |
ASSETS: | $ Amount |
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Cash & Equivalents | 927,672 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,073,990 |
Unsecured Loans | 2,327,636 |
Other Loans | 8,830,118 |
TOTAL LOANS | 12,231,744 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,253 |
Land And Building | 765,070 |
Other Fixed Assets | 38,459 |
NCUSIF Deposit | 132,679 |
All Other Assets | 58,239 |
TOTAL ASSETS | 16,127,698 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,801 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 47,804 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,388,127 |
Regular shares | 8,808,106 |
All Other Shares & Deposits | 4,389,731 |
TOTAL SHARES & DEPOSITS | 14,585,963 |
TOTAL LIABILITIES | 14,645,568 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,482,130 |
TOTAL EQUITY | 1,482,130 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,127,698 |
INCOME & EXPENSE | |
Loan Income | 782,621 |
Investment Income | 81,971 |
Other Income | 156,907 |
Total Employee Compensation & Benefits | 350,146 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 486,666 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 223,937 |
Cost of Funds | 186,975 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -134,776 |
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