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EFCU FINANCIAL CREDIT UNION

Dec, 31, 2020 — EFCU FINANCIAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 8 branch locations and about $619.72 million in total assets. Opened 87 years ago in 1934, EFCU FINANCIAL CREDIT UNION has about 50,553 members and employs 106 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265473511
Name:EFCU FINANCIAL CREDIT UNION
Address:
(Main Office)
10719 AIRLINE HWY
BATON ROUGE, LA 70816-4213
Phone:(225) 214-6800
Fax:(225) 214-6851
Website:http://www.efcufinancial.org
Branches:8 branch locations
Members:50,553
Credit Union Type:Federal Credit Union
Charter Number:13
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$619,716,870
CEO/Manager:Tyler Grodi
Chairperson:Kimberly Bardell

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 76,289,995
TOTAL INVESTMENTS 3,591,706
Loans Held for Sale 455,129
 
 Real Estate Loans 131,829,706
 Unsecured Loans 24,570,878
 Other Loans 362,538,454
 TOTAL LOANS 518,939,038
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,703,474
 Land And Building 9,954,360
 Other Fixed Assets 745,863
 NCUSIF Deposit 4,828,045
 All Other Assets 6,616,208
  TOTAL ASSETS 619,716,870
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 19,000,000
 Accounts Payable & Other Liabilities 3,412,492
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 5,000,000
 Share Drafts 103,365,336
 Regular shares 165,092,136
 All Other Shares & Deposits 270,751,947
  TOTAL SHARES & DEPOSITS 539,209,419
  TOTAL LIABILITIES 566,621,911
 Regular Reserve 7,444,267
 Other Reserves -1,439,167
 Undivided Earnings 47,089,859
  TOTAL EQUITY 53,094,959
  TOTAL LIABILITIES, SHARES, & EQUITY 619,716,870
INCOME & EXPENSE  
 Loan Income 20,022,627
 Investment Income 519,848
 Other Income 9,536,470
 Total Employee Compensation & Benefits 8,284,503
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,631,845
 Non-operating Income & (Expense) -10,376
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,075,201
 Cost of Funds 7,565,182
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,511,838
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