Jun, 30, 2024 — NEIGHBORS FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 10 branch locations and about $1.22 billion in total assets. Opened 70 years ago in 1954, NEIGHBORS FEDERAL CREDIT UNION has about 83,898 members and employs 239 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: | 10 branch locations |
| Members: | 83,898 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,216,603,544 |
| CEO/Manager: | Steve Webb |
| Chairperson: | Keith Bennett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 70,871,744 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 248,029,526 |
| Unsecured Loans | 128,962,065 |
| Other Loans | 620,780,591 |
| TOTAL LOANS | 999,331,910 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,987,647 |
| Land And Building | 33,142,942 |
| Other Fixed Assets | 5,309,580 |
| NCUSIF Deposit | 9,563,287 |
| All Other Assets | 415,280 |
| TOTAL ASSETS | 1,216,603,544 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 255 |
| Notes & Interest Payable | 26,515,500 |
| Accounts Payable & Other Liabilities | 4,036,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,000,000 |
| Share Drafts | 371,972,742 |
| Regular shares | 364,558,883 |
| All Other Shares & Deposits | 342,728,059 |
| TOTAL SHARES & DEPOSITS | 1,079,259,684 |
| TOTAL LIABILITIES | 1,117,812,035 |
| Regular Reserve | 0 |
| Other Reserves | -4,519,173 |
| Undivided Earnings | 103,310,682 |
| TOTAL EQUITY | 98,791,509 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,216,603,544 |
| INCOME & EXPENSE | |
| Loan Income | 31,350,884 |
| Investment Income | 1,202,931 |
| Other Income | 7,084,714 |
| Total Employee Compensation & Benefits | 15,464,577 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,589,702 |
| Non-operating Income & (Expense) | -96,611 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,308,680 |
| Cost of Funds | 5,457,530 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,301,048 |
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