Dec, 31, 2023 — BAYOU FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 5 branch locations and about $81.27 million in total assets. Opened 70 years ago in 1954, BAYOU FEDERAL CREDIT UNION has about 7,960 members and employs 23 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: | 7,960 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,265,309 |
| CEO/Manager: | Rhonda S Linzy |
| Chairperson: | George Munn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,949,724 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,532,977 |
| Unsecured Loans | 1,518,945 |
| Other Loans | 38,306,071 |
| TOTAL LOANS | 56,357,993 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -202,366 |
| Land And Building | 2,327,255 |
| Other Fixed Assets | 149,065 |
| NCUSIF Deposit | 688,173 |
| All Other Assets | 65,286 |
| TOTAL ASSETS | 81,265,309 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 364,823 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,297 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,449,946 |
| Regular shares | 36,037,665 |
| All Other Shares & Deposits | 22,893,453 |
| TOTAL SHARES & DEPOSITS | 70,381,064 |
| TOTAL LIABILITIES | 70,883,184 |
| Regular Reserve | 0 |
| Other Reserves | -1,193,218 |
| Undivided Earnings | 11,575,343 |
| TOTAL EQUITY | 10,382,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,265,309 |
| INCOME & EXPENSE | |
| Loan Income | 2,586,030 |
| Investment Income | 378,330 |
| Other Income | 318,252 |
| Total Employee Compensation & Benefits | 1,341,362 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,470,238 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 68,355 |
| Cost of Funds | 564,256 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 167,650 |
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