Dec, 31, 2023 — BATON ROUGE TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 4 branch locations and about $449.39 million in total assets. Opened 88 years ago in 1936, BATON ROUGE TELCO FEDERAL CREDIT UNION has about 33,932 members and employs 81 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BATON ROUGE TELCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 13404 Airline Hwy BATON ROUGE, LA 70817-5917 |
Phone: | (225) 924-8900 |
Fax: | (225) 756-8553 |
Website: | https://www.brtelco.org |
Branches: | 4 branch locations |
Members: | 33,932 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1726 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $449,394,910 |
CEO/Manager: | Darryl K Long |
Chairperson: | Andy Eames |
ASSETS: | $ Amount |
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Cash & Equivalents | 21,180,817 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 75,478,720 |
Unsecured Loans | 36,413,266 |
Other Loans | 291,537,122 |
TOTAL LOANS | 403,429,108 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,774,923 |
Land And Building | 7,636,184 |
Other Fixed Assets | 1,005,421 |
NCUSIF Deposit | 3,412,981 |
All Other Assets | 302,756 |
TOTAL ASSETS | 449,394,910 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 20,025,000 |
Accounts Payable & Other Liabilities | 4,278,557 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 38,765,176 |
Regular shares | 84,089,196 |
All Other Shares & Deposits | 253,470,564 |
TOTAL SHARES & DEPOSITS | 376,324,936 |
TOTAL LIABILITIES | 400,628,493 |
Regular Reserve | 0 |
Other Reserves | -359,642 |
Undivided Earnings | 49,126,059 |
TOTAL EQUITY | 48,766,417 |
TOTAL LIABILITIES, SHARES, & EQUITY | 449,394,910 |
INCOME & EXPENSE | |
Loan Income | 18,547,455 |
Investment Income | 1,065,327 |
Other Income | 3,380,331 |
Total Employee Compensation & Benefits | 7,457,230 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,210,648 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,523,398 |
Cost of Funds | 8,666,910 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,851,176 |
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