Dec, 31, 2023 — DISTRICT 08 FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 1 branch location and about $10.14 million in total assets. Opened 63 years ago in 1961, DISTRICT 08 FEDERAL CREDIT UNION has about 1,667 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DISTRICT 08 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3300 S MacArthur Dr ALEXANDRIA, LA 71301 |
| Phone: | (318) 484-9817 |
| Fax: | (318) 445-9687 |
| Website: | https://www.district08fcu.org |
| Branches: | 1 branch locations |
| Members: | 1,667 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14651 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,138,136 |
| CEO/Manager: | Jeanna Salas |
| Chairperson: | Jesse Dyson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,588,639 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,529,265 |
| Unsecured Loans | 719,403 |
| Other Loans | 5,140,613 |
| TOTAL LOANS | 7,389,283 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,466 |
| Land And Building | 0 |
| Other Fixed Assets | 98,468 |
| NCUSIF Deposit | 91,981 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,138,136 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,728 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,778,569 |
| Regular shares | 5,097,866 |
| All Other Shares & Deposits | 2,174,128 |
| TOTAL SHARES & DEPOSITS | 9,050,564 |
| TOTAL LIABILITIES | 9,069,292 |
| Regular Reserve | 0 |
| Other Reserves | 1,068,844 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 1,068,844 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,138,136 |
| INCOME & EXPENSE | |
| Loan Income | 441,301 |
| Investment Income | 50,585 |
| Other Income | 87,551 |
| Total Employee Compensation & Benefits | 204,786 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 335,656 |
| Non-operating Income & (Expense) | 7,462 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,231 |
| Cost of Funds | 16,698 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,528 |
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