Jun, 30, 2024 — WILLIS KNIGHTON FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 2 branch locations and about $44.41 million in total assets. Opened 72 years ago in 1953, WILLIS KNIGHTON FEDERAL CREDIT UNION has about 7,666 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: | WILLIS KNIGHTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8400 Mansfield Rd SHREVEPORT, LA 71108 |
| Phone: | (318) 621-0605 |
| Fax: | (318) 635-4719 |
| Website: | https://www.wkfcu.org |
| Branches: | 2 branch locations |
| Members: | 7,666 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8921 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,405,822 |
| CEO/Manager: | Courtney L Barrett |
| Chairperson: | Jerry A Fielder, II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,969,185 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,471,702 |
| Unsecured Loans | 2,306,283 |
| Other Loans | 19,012,008 |
| TOTAL LOANS | 23,789,993 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,984 |
| Land And Building | 423,993 |
| Other Fixed Assets | 237,672 |
| NCUSIF Deposit | 349,005 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,405,822 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,039 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,252,091 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,393,728 |
| Regular shares | 28,766,042 |
| All Other Shares & Deposits | 2,727,762 |
| TOTAL SHARES & DEPOSITS | 36,887,532 |
| TOTAL LIABILITIES | 38,167,662 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,238,160 |
| TOTAL EQUITY | 6,238,160 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,405,822 |
| INCOME & EXPENSE | |
| Loan Income | 887,292 |
| Investment Income | 92,937 |
| Other Income | 234,315 |
| Total Employee Compensation & Benefits | 593,209 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 466,168 |
| Non-operating Income & (Expense) | 13,237 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 76,846 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 278,815 |
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