Sep, 30, 2025 — NEIGHBORS FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 12 branch locations and about $1.33 billion in total assets. Opened 72 years ago in 1954, NEIGHBORS FEDERAL CREDIT UNION has about 81,621 members and employs 235 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEIGHBORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12529 Perkins Rd BATON ROUGE, LA 70810 |
| Phone: | (225) 819-2178 |
| Fax: | (225) 819-8923 |
| Website: | https://www.neighborsfcu.org |
| Branches: | 12 branch locations |
| Members: | 81,621 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9229 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,333,212,181 |
| CEO/Manager: | Steve Webb |
| Chairperson: | Keith Bennett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 59,230,115 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 380,535,173 |
| Unsecured Loans | 141,507,288 |
| Other Loans | 598,807,015 |
| TOTAL LOANS | 1,120,904,443 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,713,563 |
| Land And Building | 33,155,728 |
| Other Fixed Assets | 3,157,597 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,437,541 |
| All Other Assets | 900,701 |
| TOTAL ASSETS | 1,333,212,181 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 556 |
| Notes & Interest Payable | 12,500,000 |
| Accounts Payable & Other Liabilities | 5,389,118 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 43,000,000 |
| Share Drafts | 327,453,264 |
| Regular shares | 275,839,647 |
| All Other Shares & Deposits | 572,126,779 |
| TOTAL SHARES & DEPOSITS | 1,175,419,690 |
| TOTAL LIABILITIES | 1,236,309,364 |
| Regular Reserve | 0 |
| Other Reserves | -11,490,885 |
| Undivided Earnings | 108,393,702 |
| TOTAL EQUITY | 96,902,817 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,333,212,181 |
| INCOME & EXPENSE | |
| Loan Income | 51,761,451 |
| Investment Income | 2,133,804 |
| Other Income | 8,009,616 |
| Total Employee Compensation & Benefits | 16,891,784 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 21,215,160 |
| Non-operating Income & (Expense) | -104,644 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,436,365 |
| Cost of Funds | 20,704,402 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,675,652 |
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