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.
| 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 |
| 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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