Dec, 31, 2023 — EFCU FINANCIAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 8 branch locations and about $1.02 billion in total assets. Opened 90 years ago in 1934, EFCU FINANCIAL CREDIT UNION has about 64,614 members and employs 130 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: | https://www.efcufinancial.org |
Branches: | 8 branch locations |
Members: | 64,614 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,021,395,443 |
CEO/Manager: | Tom Kuslikis |
Chairperson: | Darrell Langlois |
ASSETS: | $ Amount |
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Cash & Equivalents | 76,932,009 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 294,345,606 |
Unsecured Loans | 31,302,686 |
Other Loans | 586,655,311 |
TOTAL LOANS | 912,303,603 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,216,236 |
Land And Building | 12,238,301 |
Other Fixed Assets | 671,730 |
NCUSIF Deposit | 7,623,047 |
All Other Assets | 512,067 |
TOTAL ASSETS | 1,021,395,443 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 30,000,000 |
Accounts Payable & Other Liabilities | 7,702,748 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 15,000,000 |
Share Drafts | 111,950,689 |
Regular shares | 169,573,681 |
All Other Shares & Deposits | 604,151,069 |
TOTAL SHARES & DEPOSITS | 885,675,439 |
TOTAL LIABILITIES | 938,378,187 |
Regular Reserve | 0 |
Other Reserves | -1,093,237 |
Undivided Earnings | 84,110,493 |
TOTAL EQUITY | 83,017,256 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,021,395,443 |
INCOME & EXPENSE | |
Loan Income | 40,583,283 |
Investment Income | 3,144,659 |
Other Income | 5,121,252 |
Total Employee Compensation & Benefits | 11,131,829 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,020,126 |
Non-operating Income & (Expense) | -25,750 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,481,421 |
Cost of Funds | 20,992,042 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,446,571 |
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