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 |
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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 |
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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 |
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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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