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BRECO FEDERAL CREDIT UNION

Sep, 30, 2021 — BRECO FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $51.76 million in total assets. Opened 88 years ago in 1934, BRECO FEDERAL CREDIT UNION has about 5,143 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:5,143
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$51,760,064
CEO/Manager:Joshua W Poole
Chairperson:Larry D Sandlin

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,539,989
TOTAL INVESTMENTS 11,267,165
Loans Held for Sale 0
 
 Real Estate Loans 2,930,328
 Unsecured Loans 3,831,579
 Other Loans 19,677,018
 TOTAL LOANS 28,141,851
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -141,225
 Land And Building 1,218,184
 Other Fixed Assets 24,845
 NCUSIF Deposit 432,962
 All Other Assets 276,293
  TOTAL ASSETS 51,760,064
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 97,372
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,586,082
 Regular shares 32,651,560
 All Other Shares & Deposits 7,073,373
  TOTAL SHARES & DEPOSITS 46,311,015
  TOTAL LIABILITIES 46,408,387
 Regular Reserve 1,666,286
 Other Reserves 0
 Undivided Earnings 3,685,391
  TOTAL EQUITY 5,351,677
  TOTAL LIABILITIES, SHARES, & EQUITY 51,760,064
INCOME & EXPENSE  
 Loan Income 1,080,383
 Investment Income 80,748
 Other Income 298,145
 Total Employee Compensation & Benefits 619,517
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 752,363
 Non-operating Income & (Expense) 97
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 36,600
 Cost of Funds 105,009
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 267,312
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