Dec, 31, 2021 — BRECO FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $52.09 million in total assets. Opened 88 years ago in 1934, BRECO FEDERAL CREDIT UNION has about 5,113 members and employs 13 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 |
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Address: (Main Office) | 1850 S Sherwood Forest Blvd BATON ROUGE, LA 70816-8321 |
Phone: | (225) 273-1529 |
Fax: | (225) 273-4697 |
Website: | http://www.brecofcu.com |
Branches: | 2 branch locations |
Members: | 5,113 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24526 |
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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: | $52,093,912 |
CEO/Manager: | Joshua W Poole |
Chairperson: | Larry D Sandlin |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,344,738 |
TOTAL INVESTMENTS | 11,605,286 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,707,550 |
Unsecured Loans | 3,900,952 |
Other Loans | 19,113,933 |
TOTAL LOANS | 27,338,672 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -117,959 |
Land And Building | 1,211,280 |
Other Fixed Assets | 23,171 |
NCUSIF Deposit | 458,066 |
All Other Assets | 230,658 |
TOTAL ASSETS | 52,093,912 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 103,588 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,282,444 |
Regular shares | 33,011,113 |
All Other Shares & Deposits | 7,329,110 |
TOTAL SHARES & DEPOSITS | 46,622,667 |
TOTAL LIABILITIES | 46,726,255 |
Regular Reserve | 1,666,286 |
Other Reserves | 0 |
Undivided Earnings | 3,701,371 |
TOTAL EQUITY | 5,367,657 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,093,912 |
INCOME & EXPENSE | |
Loan Income | 1,436,615 |
Investment Income | 107,036 |
Other Income | 411,858 |
Total Employee Compensation & Benefits | 829,899 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,023,104 |
Non-operating Income & (Expense) | 6,807 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,100 |
Cost of Funds | 135,516 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 283,293 |
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