Dec, 31, 2023 — BARKSDALE FEDERAL CREDIT UNION is a federal credit union headquartered in BOSSIER CITY, LA with 34 branch locations and about $2.24 billion in total assets. Opened 70 years ago in 1954, BARKSDALE FEDERAL CREDIT UNION has about 155,332 members and employs 501 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BARKSDALE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2701 Village Ln BOSSIER CITY, LA 71112 |
| Phone: | (318) 549-8240 |
| Fax: | (318) 549-8211 |
| Website: | https://www.bfcu.org |
| Branches: | 34 branch locations |
| Members: | 155,332 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9589 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,237,345,085 |
| CEO/Manager: | Patrick B Gullatt |
| Chairperson: | Alvin C Oar |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 94,284,189 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 449,503,853 |
| Unsecured Loans | 167,353,999 |
| Other Loans | 737,204,635 |
| TOTAL LOANS | 1,354,062,487 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,358,879 |
| Land And Building | 36,891,201 |
| Other Fixed Assets | 4,787,870 |
| NCUSIF Deposit | 18,568,022 |
| All Other Assets | 632,951 |
| TOTAL ASSETS | 2,237,345,085 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 56,514 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 25,726,799 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 285,045,439 |
| Regular shares | 791,209,952 |
| All Other Shares & Deposits | 963,422,351 |
| TOTAL SHARES & DEPOSITS | 2,039,677,742 |
| TOTAL LIABILITIES | 2,085,461,055 |
| Regular Reserve | 0 |
| Other Reserves | -49,106,615 |
| Undivided Earnings | 200,990,645 |
| TOTAL EQUITY | 151,884,030 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,237,345,085 |
| INCOME & EXPENSE | |
| Loan Income | 73,423,384 |
| Investment Income | 13,877,780 |
| Other Income | 14,738,409 |
| Total Employee Compensation & Benefits | 33,814,725 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,190,300 |
| Non-operating Income & (Expense) | 4,016,356 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,985,000 |
| Cost of Funds | 33,226,415 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,949,698 |
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