Dec, 31, 2023 — CSE FEDERAL CREDIT UNION is a federal credit union headquartered in LAKE CHARLES, LA with 4 branch locations and about $448.79 million in total assets. Opened 81 years ago in 1943, CSE FEDERAL CREDIT UNION has about 34,669 members and employs 121 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CSE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4321 Nelson Rd LAKE CHARLES, LA 70605-4119 |
| Phone: | (800) 625-5747 |
| Fax: | (337) 562-3123 |
| Website: | https://www.csefcu.org |
| Branches: | 4 branch locations |
| Members: | 34,669 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5086 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $448,787,741 |
| CEO/Manager: | Matt Koch |
| Chairperson: | Leo Blackmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 52,429,338 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 171,528,202 |
| Unsecured Loans | 22,924,312 |
| Other Loans | 101,971,202 |
| TOTAL LOANS | 296,946,484 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,929,813 |
| Land And Building | 13,684,510 |
| Other Fixed Assets | 735,443 |
| NCUSIF Deposit | 3,713,958 |
| All Other Assets | 736,781 |
| TOTAL ASSETS | 448,787,741 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25,199 |
| Notes & Interest Payable | -848,060 |
| Accounts Payable & Other Liabilities | 4,781,173 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 848,060 |
| Share Drafts | 49,356,941 |
| Regular shares | 220,947,568 |
| All Other Shares & Deposits | 126,712,051 |
| TOTAL SHARES & DEPOSITS | 397,016,560 |
| TOTAL LIABILITIES | 401,822,932 |
| Regular Reserve | 0 |
| Other Reserves | -2,874,360 |
| Undivided Earnings | 49,839,169 |
| TOTAL EQUITY | 46,964,809 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 448,787,741 |
| INCOME & EXPENSE | |
| Loan Income | 13,690,421 |
| Investment Income | 4,167,173 |
| Other Income | 3,202,532 |
| Total Employee Compensation & Benefits | 9,621,967 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,015,247 |
| Non-operating Income & (Expense) | -23,996 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,252,390 |
| Cost of Funds | 2,306,013 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,411,197 |
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