Dec, 31, 2023 — OLD SPANISH TRAIL CREDIT UNION is a federally insured state chartered credit union headquartered in WESTLAKE, LA with 1 branch location and about $6.33 million in total assets. Opened 83 years ago in 1941, OLD SPANISH TRAIL CREDIT UNION has about 1,047 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OLD SPANISH TRAIL CREDIT UNION |
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Address: (Main Office) | 2200 Old Spanish Trl WESTLAKE, LA 70669-7800 |
Phone: | (337) 491-5025 |
Fax: | (337) 491-5901 |
Website: | https://oldspanishtrailcreditunion.com/ |
Branches: | 1 branch locations |
Members: | 1,047 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61963 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,333,486 |
CEO/Manager: | Kim J Goodman |
Chairperson: | Alberto Maxwell |
ASSETS: | $ Amount |
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Cash & Equivalents | 666,720 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,645,829 |
Other Loans | 3,338,302 |
TOTAL LOANS | 4,984,131 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,467 |
Land And Building | 0 |
Other Fixed Assets | 2,600 |
NCUSIF Deposit | 58,155 |
All Other Assets | 0 |
TOTAL ASSETS | 6,333,486 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,661 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,659,147 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,659,147 |
TOTAL LIABILITIES | 4,684,808 |
Regular Reserve | 0 |
Other Reserves | 1,167,205 |
Undivided Earnings | 481,473 |
TOTAL EQUITY | 1,648,678 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,333,486 |
INCOME & EXPENSE | |
Loan Income | 308,250 |
Investment Income | 46,676 |
Other Income | 7,381 |
Total Employee Compensation & Benefits | 239,518 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 60,725 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 4,956 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 63,470 |
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