Jun, 30, 2021 — BRECO FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $52.65 million in total assets. Opened 87 years ago in 1934, BRECO FEDERAL CREDIT UNION has about 5,174 members and employs 16 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 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: | 5,174 |
| 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: | $52,645,370 |
| CEO/Manager: | Joshua W Poole |
| Chairperson: | Larry D Sandlin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,194,503 |
| TOTAL INVESTMENTS | 11,481,509 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,080,457 |
| Unsecured Loans | 3,681,547 |
| Other Loans | 19,757,324 |
| TOTAL LOANS | 28,234,271 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,303 |
| Land And Building | 1,225,087 |
| Other Fixed Assets | 27,139 |
| NCUSIF Deposit | 432,962 |
| All Other Assets | 201,202 |
| TOTAL ASSETS | 52,645,370 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 72,560 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,791,792 |
| Regular shares | 32,949,291 |
| All Other Shares & Deposits | 7,612,138 |
| TOTAL SHARES & DEPOSITS | 47,353,221 |
| TOTAL LIABILITIES | 47,425,781 |
| Regular Reserve | 1,666,286 |
| Other Reserves | 0 |
| Undivided Earnings | 3,553,303 |
| TOTAL EQUITY | 5,219,589 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,645,370 |
| INCOME & EXPENSE | |
| Loan Income | 722,966 |
| Investment Income | 55,921 |
| Other Income | 197,181 |
| Total Employee Compensation & Benefits | 402,422 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 491,170 |
| Non-operating Income & (Expense) | 1,012 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,500 |
| Cost of Funds | 73,818 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 135,226 |
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