Dec, 31, 2023 — CABOT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in FRANKLIN, LA with 1 branch location and about $1.26 million in total assets. Opened 68 years ago in 1956, CABOT EMPLOYEES CREDIT UNION has about 136 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CABOT EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 272 Cabot Canal Plant Lane FRANKLIN, LA 70538 |
Phone: | (337) 836-2219 |
Fax: | (337) 836-2332 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 136 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62441 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,258,757 |
CEO/Manager: | Dana Judice |
Chairperson: | Sharon A Fletcher |
ASSETS: | $ Amount |
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Cash & Equivalents | 121,740 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 217,264 |
Other Loans | 612,021 |
TOTAL LOANS | 829,285 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,000 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 11,012 |
All Other Assets | 0 |
TOTAL ASSETS | 1,258,757 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22,198 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 995 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 861,789 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 861,789 |
TOTAL LIABILITIES | 884,982 |
Regular Reserve | 0 |
Other Reserves | 92,000 |
Undivided Earnings | 281,775 |
TOTAL EQUITY | 373,775 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,258,757 |
INCOME & EXPENSE | |
Loan Income | 34,223 |
Investment Income | 16,408 |
Other Income | 1,843 |
Total Employee Compensation & Benefits | 22,698 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,301 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 26,858 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 216 |
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