Dec, 31, 2023 — WILLIS KNIGHTON FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 2 branch locations and about $42.13 million in total assets. Opened 71 years ago in 1953, WILLIS KNIGHTON FEDERAL CREDIT UNION has about 7,846 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 |
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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: | 7,846 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8921 |
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Membership Type: | Service - Health Care |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $42,129,230 |
CEO/Manager: | Courtney L Barrett |
Chairperson: | Brandon Marrs |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,360,424 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,264,720 |
Unsecured Loans | 2,965,824 |
Other Loans | 26,197,243 |
TOTAL LOANS | 31,427,787 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,300 |
Land And Building | 410,282 |
Other Fixed Assets | 178,457 |
NCUSIF Deposit | 349,005 |
All Other Assets | 13,500 |
TOTAL ASSETS | 42,129,230 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 67,366 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 616,709 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,720,225 |
Regular shares | 26,508,390 |
All Other Shares & Deposits | 3,102,213 |
TOTAL SHARES & DEPOSITS | 34,330,828 |
TOTAL LIABILITIES | 35,014,903 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,114,327 |
TOTAL EQUITY | 7,114,327 |
TOTAL LIABILITIES, SHARES, & EQUITY | 42,129,230 |
INCOME & EXPENSE | |
Loan Income | 1,579,385 |
Investment Income | 362,364 |
Other Income | 357,028 |
Total Employee Compensation & Benefits | 855,820 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 684,452 |
Non-operating Income & (Expense) | 1,241 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,822 |
Cost of Funds | 221,457 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 712,270 |
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