Jun, 30, 2024 — LOUISIANA BAPTIST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 1 branch location and about $5.31 million in total assets. Opened 50 years ago in 1975, LOUISIANA BAPTIST FEDERAL CREDIT UNION has about 906 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUISIANA BAPTIST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1250 macarthur dr ALEXANDRIA, LA 71303-3124 |
| Phone: | (318) 449-4357 |
| Fax: | (318) 449-4256 |
| Website: | https://www.labaptistfcu.com |
| Branches: | 1 branch locations |
| Members: | 906 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21968 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Jul 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,311,537 |
| CEO/Manager: | Paul Funderburk |
| Chairperson: | Herman Jr. B Colle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 962,914 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 441,186 |
| Other Loans | 3,839,828 |
| TOTAL LOANS | 4,281,014 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,195 |
| Land And Building | 0 |
| Other Fixed Assets | 11,289 |
| NCUSIF Deposit | 46,272 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,311,537 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 897 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,207 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,041,639 |
| Regular shares | 3,091,998 |
| All Other Shares & Deposits | 509,324 |
| TOTAL SHARES & DEPOSITS | 4,642,961 |
| TOTAL LIABILITIES | 4,646,065 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 665,472 |
| TOTAL EQUITY | 665,472 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,311,537 |
| INCOME & EXPENSE | |
| Loan Income | 169,756 |
| Investment Income | 424 |
| Other Income | 2,718 |
| Total Employee Compensation & Benefits | 103,131 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,517 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,810 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,389 |
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