Dec, 31, 2023 — WILLIS KNIGHTON FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 2 branch locations and about $42.13 million in total assets. Opened 71 years ago in 1953, WILLIS KNIGHTON FEDERAL CREDIT UNION has about 7,846 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WILLIS KNIGHTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8400 Mansfield Rd SHREVEPORT, LA 71108 |
| Phone: | (318) 621-0605 |
| Fax: | (318) 635-4719 |
| Website: | https://www.wkfcu.org |
| Branches: | 2 branch locations |
| Members: | 7,846 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8921 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,129,230 |
| CEO/Manager: | Courtney L Barrett |
| Chairperson: | Brandon Marrs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,360,424 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,264,720 |
| Unsecured Loans | 2,965,824 |
| Other Loans | 26,197,243 |
| TOTAL LOANS | 31,427,787 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,300 |
| Land And Building | 410,282 |
| Other Fixed Assets | 178,457 |
| NCUSIF Deposit | 349,005 |
| All Other Assets | 13,500 |
| TOTAL ASSETS | 42,129,230 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 67,366 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 616,709 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,720,225 |
| Regular shares | 26,508,390 |
| All Other Shares & Deposits | 3,102,213 |
| TOTAL SHARES & DEPOSITS | 34,330,828 |
| TOTAL LIABILITIES | 35,014,903 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,114,327 |
| TOTAL EQUITY | 7,114,327 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,129,230 |
| INCOME & EXPENSE | |
| Loan Income | 1,579,385 |
| Investment Income | 362,364 |
| Other Income | 357,028 |
| Total Employee Compensation & Benefits | 855,820 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 684,452 |
| Non-operating Income & (Expense) | 1,241 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,822 |
| Cost of Funds | 221,457 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 712,270 |
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