Jun, 30, 2024 — BRECO FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $50.05 million in total assets. Opened 90 years ago in 1934, BRECO FEDERAL CREDIT UNION has about 5,204 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.
| Name: | BRECO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1850 S Sherwood Forest Blvd BATON ROUGE, LA 70816-8321 |
| Phone: | (225) 273-1529 |
| Fax: | (225) 273-4697 |
| Website: | https://www.brecofcu.com |
| Branches: | 2 branch locations |
| Members: | 5,204 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,047,737 |
| CEO/Manager: | Joshua W Poole |
| Chairperson: | Larry D Sandlin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,096,416 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,832,846 |
| Unsecured Loans | 3,956,360 |
| Other Loans | 23,278,110 |
| TOTAL LOANS | 32,176,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,808 |
| Land And Building | 1,190,570 |
| Other Fixed Assets | 15,653 |
| NCUSIF Deposit | 450,805 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,047,737 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 179,087 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,951,657 |
| Regular shares | 30,703,847 |
| All Other Shares & Deposits | 6,697,213 |
| TOTAL SHARES & DEPOSITS | 44,352,717 |
| TOTAL LIABILITIES | 44,531,804 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,515,933 |
| TOTAL EQUITY | 5,515,933 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,047,737 |
| INCOME & EXPENSE | |
| Loan Income | 1,101,686 |
| Investment Income | 127,383 |
| Other Income | 349,202 |
| Total Employee Compensation & Benefits | 627,447 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 832,575 |
| Non-operating Income & (Expense) | -1,093 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
| Cost of Funds | 87,839 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 148,278 |
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