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Willis Knighton Credit Union

Overview
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Willis Knighton Credit Union is a federal credit union based in Shreveport, Louisiana. It has been opened since 1953, for 67 years.

With around $31,370,000 in assets, Willis Knighton Credit Union is considered to be an average size credit union.

About
Address Po Box 17585
Shreveport, Louisiana 71118
Website http://www.wkfcu.org
Phone (318) 621-0605
Fax (318) 635-4719
CEO Courtney L. Barrett
President of the Board Jerry Fielder, Ii
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
7,819 members
Membership type: Service – health care
Above average number of members
601:1
Credit union member to staff ratio
601 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$31,371,803
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 2 in Louisiana
Above average number of branches
Willis Knighton Credit Union Branch Locations

Willis Knighton Credit Union: Wkfcu - Bossier
1507 Doctors Drive
Bossier City, Louisiana 71111
No ATM
Willis Knighton Credit Union: Wkfcu - Loan Center
8404 Mansfield Road
Shreveport, Louisiana 71108
No ATM
Members
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7,819 members
Membership type: Service – health care
Above average number of members

With 7,819 members, the Willis Knighton Credit Union is considered to be a large credit union. It is larger than 66% of credit unions.

Fees
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$51
Average fee per member
The average fee per member at the Willis Knighton Credit Union is $51, which is comparable to most credit unions. This rate is lower than 48% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Willis Knighton Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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601:1
Credit union member to staff ratio
601 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
13 staff members
FTE (full-time equivalent)
0% of employees are part-time
13 full-time, 0 part-time

Willis Knighton Credit Union has 13 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Willis Knighton Credit Union has around 601 members per staff, a high ratio compared to other credit unions.

Assets
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$31,371,803
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
16.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$6,046
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 85% of credit unions.

Willis Knighton Credit Union holds a total of $24,030,000 in loans and leases, which is about $6,046 per member on average.

Savings interest rate
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0.25%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Willis Knighton Credit Union pays 0.25%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.49%
New car loan rate
Compared to 4.0% nationally
3.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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