Barksdale Federal Credit Union is headquartered in Bossier City and is the largest credit union in the state of Louisiana. It is also the 221st largest credit union in the nation. It was established in 1954 and as of June of 2022, it had grown to 411 employees and 159,676 members at 24 locations. Barksdale Federal Credit Union's savings rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Barksdale Federal Credit Union is open to those who live, work, worship, attend school, or own a business in the Louisiana parishes of Allen, Bossier, Caddo, Grant, Rapides, or Webster. Membership is also open to active military at Barksdale Air Force Base or Fort Polk Army Post, honorably discharged or retired veterans who served in any of the Armed Services of the United States, an employee (full or part-time) at one of more than 1,000 Select Employee Groups, or a member of the immediate family of someone who is a current member or eligible for membership.
See current membership details
Related Posts
5/10 - Barksdale Federal CDs Continue To Be Competitive
Confirm Destination Of CD Interest
Just noticed the interest from my recently opened Barksdale CD is going to my savings account vs accruing in the CD (and compounding at the CD's higher rate). Bothersome when banks do this sneaky maneuver. Will be calling to correct.
So far so good otherwise.
CD Maturity Instructions Are Tedious
Received notice of maturity from BFCU indicating my CD would roll at maturity. There is no way on the website to change this action, so I called to request the funds go to my savings at maturity. (My call was answered reasonably timely.) The rep informed me that I cannot request this change until the actual maturity date (or within the grace period) and that I will need to call back and speak with a rep at that time in order todo this. This is the first financial institution I have dealt with that could not accept maturity instructions within a month of the maturity date.
Bad Service; Difficult To Get Your Money Out
Terrible service. Terrible policies which make it difficult to access your accounts, transfer, or withdraw money. They froze my online access because I used an old (expired) ABA number for a bank when setting up an ACH connection, and threatened to keep it frozen for 6 months(!!!) for this 'fraudulent' use. Limits on ACH transfers, high wire fees, and constant delays and hoops to jump through make it difficult to get your money out when you need it.
Not The Easiest Place To Do Business
I was able to set up an account in one day. However, some of the policies make it hard to do business with Barksdale FCU. Even though they are part of the Shared Coop Branching Network, if you make a deposit at a shared branch, it has to sit for 5-10 business days before you can open a CD, while you can lose your rate if the CD rate changes.(Contrast this with Keesler FCU, which also has a hold policy but at least opens the CD and then puts a hold on that.) The only way to avoid this problem is to make a (costly) wire transfer. However, my institution sent the wire transfer out at 8:30 a.m At 4 pm the same day, the customer service rep I dealt with could not find it to open the CD, even though I had the wire number.
WORST SERVICE POSSIBLE
If you like terrible service, phone calls and emails trying to get replies that go unanswered, hours of wasted time, then this bank is for YOU!!!!
Worst Credit Union Anywhere
Beware using this credit union for any loans even if you are miltary and using an allottment they will still mess it up and put a black mark on your credit even when you prove it was their fault!!!! Any business that can mess up an automatic payment is pretty bad!!! Just beware before using Barksdale Bank and Credit Union!!!! Only chose the 1 star because I had to.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9589 |
| Year Chartered | 1954 |
| Employees | 411 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 3.88% |
| Annual Interest Income | $29.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $2.03B$1.97B |
| Loans | Q2 2022vs Q2 2021 | $1.10B$984.2MM |
| Deposits | Q2 2022vs Q2 2021 | $1.87B$1.77B |
| Equity Capital | Q2 2022vs Q2 2021 | $139.1MM$177.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $10.0MM$11.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $5.7MM$3.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$56.00K |
