Dec, 31, 2023 — ACADIAN FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 1 branch location and about $19.23 million in total assets. Opened 74 years ago in 1950, ACADIAN FEDERAL CREDIT UNION has about 2,784 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACADIAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 102 Sunbeam Ln LAFAYETTE, LA 70506-1521 |
Phone: | (337) 233-6744 |
Fax: | (337) 233-4874 |
Website: | https://www.acadianfcu.org |
Branches: | 1 branch locations |
Members: | 2,784 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6898 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,225,693 |
CEO/Manager: | Anne-Marie Simon |
Chairperson: | Bennett Dugas |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,976,329 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 9,300 |
Real Estate Loans | 1,843,950 |
Unsecured Loans | 1,195,968 |
Other Loans | 8,146,429 |
TOTAL LOANS | 11,186,350 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,235 |
Land And Building | 489,129 |
Other Fixed Assets | 5,500 |
NCUSIF Deposit | 179,295 |
All Other Assets | 0 |
TOTAL ASSETS | 19,225,693 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 31,166 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,976,234 |
Regular shares | 10,083,195 |
All Other Shares & Deposits | 4,376,998 |
TOTAL SHARES & DEPOSITS | 17,436,427 |
TOTAL LIABILITIES | 17,467,593 |
Regular Reserve | 0 |
Other Reserves | 397,180 |
Undivided Earnings | 1,360,920 |
TOTAL EQUITY | 1,758,100 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,225,693 |
INCOME & EXPENSE | |
Loan Income | 563,308 |
Investment Income | 234,940 |
Other Income | 174,433 |
Total Employee Compensation & Benefits | 271,378 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 417,450 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,462 |
Cost of Funds | 23,555 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 265,038 |
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