Dec, 31, 2023 — W B R T FEDERAL CREDIT UNION is a federal credit union headquartered in PORT ALLEN, LA with 1 branch location and about $2.53 million in total assets. Opened 65 years ago in 1959, W B R T FEDERAL CREDIT UNION has about 1,082 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | W B R T FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 673 Rosedale Rd PORT ALLEN, LA 70767 |
| Phone: | (225) 344-0318 |
| Fax: | (225) 346-1317 |
| Website: | https://www.wbrtfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,082 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12735 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,525,544 |
| CEO/Manager: | Angella Johnson |
| Chairperson: | Dwain Hall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 465,781 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 518,074 |
| Other Loans | 1,417,723 |
| TOTAL LOANS | 1,935,797 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,646 |
| Land And Building | 106,755 |
| Other Fixed Assets | 2,349 |
| NCUSIF Deposit | 17,965 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,525,544 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 82,643 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 163,024 |
| Regular shares | 1,632,349 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,795,373 |
| TOTAL LIABILITIES | 1,878,016 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 647,528 |
| TOTAL EQUITY | 647,528 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,525,544 |
| INCOME & EXPENSE | |
| Loan Income | 180,927 |
| Investment Income | 14,648 |
| Other Income | 66,103 |
| Total Employee Compensation & Benefits | 57,378 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 167,641 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,177 |
| Cost of Funds | 4,477 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,887 |
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