Dec, 31, 2023 — LOUISIANA BAPTIST FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 1 branch location and about $6.13 million in total assets. Opened 49 years ago in 1975, LOUISIANA BAPTIST FEDERAL CREDIT UNION has about 910 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOUISIANA BAPTIST FEDERAL CREDIT UNION |
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Address: (Main Office) | 1250 macarthur dr ALEXANDRIA, LA 71303-3124 |
Phone: | (318) 449-4357 |
Fax: | (318) 449-4256 |
Website: | https://www.labaptistfcu.com |
Branches: | 1 branch locations |
Members: | 910 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21968 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,129,848 |
CEO/Manager: | Paul M Funderburk |
Chairperson: | Daniel Wilburn |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,234,392 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 580,124 |
Other Loans | 4,243,181 |
TOTAL LOANS | 4,823,305 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,194 |
Land And Building | 0 |
Other Fixed Assets | 6,212 |
NCUSIF Deposit | 47,465 |
All Other Assets | 0 |
TOTAL ASSETS | 6,129,848 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 15,421 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,758 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 785,846 |
Regular shares | 2,507,233 |
All Other Shares & Deposits | 2,065,839 |
TOTAL SHARES & DEPOSITS | 5,358,919 |
TOTAL LIABILITIES | 5,376,098 |
Regular Reserve | 0 |
Other Reserves | 231,537 |
Undivided Earnings | 522,213 |
TOTAL EQUITY | 753,750 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,129,848 |
INCOME & EXPENSE | |
Loan Income | 272,016 |
Investment Income | 10,336 |
Other Income | 17,555 |
Total Employee Compensation & Benefits | 108,598 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 65,496 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 51,568 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 76,432 |
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