Sep, 30, 2025 — BRECO FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 3 branch locations and about $49.53 million in total assets. Opened 92 years ago in 1934, BRECO FEDERAL CREDIT UNION has about 5,407 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRECO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3029 S Sherwood Forest Blvd BATON ROUGE, LA 70816 |
| Phone: | (225) 273-1529 |
| Fax: | (225) 273-4697 |
| Website: | https://www.brecofcu.com |
| Branches: | 3 branch locations |
| Members: | 5,407 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24526 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,531,756 |
| CEO/Manager: | Joshua W Poole |
| Chairperson: | James M Freyder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,264,079 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,073,477 |
| Unsecured Loans | 3,962,168 |
| Other Loans | 26,534,010 |
| TOTAL LOANS | 37,357,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -331,932 |
| Land And Building | 334,253 |
| Other Fixed Assets | 490,247 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 452,710 |
| All Other Assets | 150,308 |
| TOTAL ASSETS | 49,531,756 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,578 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,774,721 |
| Regular shares | 23,790,197 |
| All Other Shares & Deposits | 14,596,381 |
| TOTAL SHARES & DEPOSITS | 44,161,299 |
| TOTAL LIABILITIES | 44,197,877 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,333,879 |
| TOTAL EQUITY | 5,333,879 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,531,756 |
| INCOME & EXPENSE | |
| Loan Income | 1,729,298 |
| Investment Income | 171,552 |
| Other Income | 303,037 |
| Total Employee Compensation & Benefits | 775,732 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 970,773 |
| Non-operating Income & (Expense) | 7,708 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 328,500 |
| Cost of Funds | 497,268 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -137,424 |
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