Dec, 31, 2023 — A L E C FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $7.15 million in total assets. Opened 56 years ago in 1968, A L E C FEDERAL CREDIT UNION has about 770 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | A L E C FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 10725 Airline Hwy BATON ROUGE, LA 70816 |
Phone: | (225) 293-3450 |
Fax: | (225) 293-3467 |
Website: | https://www.alecfcu.com |
Branches: | 1 branch locations |
Members: | 770 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19131 |
---|---|
Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,154,168 |
CEO/Manager: | ROBIN PLUNKET |
Chairperson: | JOE L LEE |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 531,984 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 791,802 |
Other Loans | 569,383 |
TOTAL LOANS | 1,361,185 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,213 |
Land And Building | 0 |
Other Fixed Assets | 8 |
NCUSIF Deposit | 59,289 |
All Other Assets | 0 |
TOTAL ASSETS | 7,154,168 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 28,966 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,289,884 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 5,289,884 |
TOTAL LIABILITIES | 5,318,850 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,835,318 |
TOTAL EQUITY | 1,835,318 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,154,168 |
INCOME & EXPENSE | |
Loan Income | 117,016 |
Investment Income | 168,880 |
Other Income | 709 |
Total Employee Compensation & Benefits | 159,723 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 66,616 |
Non-operating Income & (Expense) | 2,975 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
Cost of Funds | 13,660 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,581 |
↑ Back to Top |