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BRECO FEDERAL CREDIT UNION

Dec, 31, 2020 — BRECO FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $49.68 million in total assets. Opened 87 years ago in 1934, BRECO FEDERAL CREDIT UNION has about 5,393 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265473375
Name:BRECO FEDERAL CREDIT UNION
Address:
(Main Office)
1850 SOUTH SHERWOOD FOREST BLVD
BATON ROUGE, LA 70816
Phone:(225) 273-1529
Fax:(225) 273-4697
Website:http://www.brecofcu.com
Branches:2 branch locations
Members:5,393
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$49,676,962
CEO/Manager:Joshua W Poole
Chairperson:Larry D Sandlin

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,854,182
TOTAL INVESTMENTS 8,915,513
Loans Held for Sale 0
 
 Real Estate Loans 3,173,732
 Unsecured Loans 3,806,490
 Other Loans 21,576,545
 TOTAL LOANS 30,155,450
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -195,573
 Land And Building 1,238,895
 Other Fixed Assets 36,551
 NCUSIF Deposit 439,455
 All Other Assets 232,489
  TOTAL ASSETS 49,676,962
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 92,944
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,180,925
 Regular shares 30,246,261
 All Other Shares & Deposits 8,072,467
  TOTAL SHARES & DEPOSITS 44,499,653
  TOTAL LIABILITIES 44,592,597
 Regular Reserve 1,666,286
 Other Reserves 0
 Undivided Earnings 3,418,079
  TOTAL EQUITY 5,084,365
  TOTAL LIABILITIES, SHARES, & EQUITY 49,676,962
INCOME & EXPENSE  
 Loan Income 1,512,586
 Investment Income 145,768
 Other Income 725,122
 Total Employee Compensation & Benefits 805,727
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,064,602
 Non-operating Income & (Expense) -138,244
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 141,800
 Cost of Funds 218,013
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,090
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