Jun, 30, 2024 — BAYOU FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 5 branch locations and about $83.14 million in total assets. Opened 71 years ago in 1954, BAYOU FEDERAL CREDIT UNION has about 8,367 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BAYOU FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5880 Florida Blvd BATON ROUGE, LA 70806-4247 |
| Phone: | (225) 925-8800 |
| Fax: | (225) 924-1025 |
| Website: | https://www.bayoufcu.org |
| Branches: | 5 branch locations |
| Members: | 8,367 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9931 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $83,139,257 |
| CEO/Manager: | Rhonda S Linzy |
| Chairperson: | George Munn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,164,261 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,612,170 |
| Unsecured Loans | 1,378,650 |
| Other Loans | 38,016,137 |
| TOTAL LOANS | 56,006,957 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -238,269 |
| Land And Building | 2,184,165 |
| Other Fixed Assets | 71,585 |
| NCUSIF Deposit | 690,245 |
| All Other Assets | 0 |
| TOTAL ASSETS | 83,139,257 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 105,166 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 243,949 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,985,510 |
| Regular shares | 42,682,343 |
| All Other Shares & Deposits | 17,250,442 |
| TOTAL SHARES & DEPOSITS | 72,918,295 |
| TOTAL LIABILITIES | 73,267,410 |
| Regular Reserve | 0 |
| Other Reserves | -1,366,672 |
| Undivided Earnings | 11,238,519 |
| TOTAL EQUITY | 9,871,847 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 83,139,257 |
| INCOME & EXPENSE | |
| Loan Income | 1,700,149 |
| Investment Income | 104,058 |
| Other Income | 250,479 |
| Total Employee Compensation & Benefits | 987,802 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,115,823 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,121 |
| Cost of Funds | 100,172 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 150,934 |
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