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FEDERAL EMPLOYEES CREDIT UNION

Dec, 31, 2023 — FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MONROE, LA with 1 branch location and about $22.37 million in total assets. Opened 83 years ago in 1941, FEDERAL EMPLOYEES CREDIT UNION has about 1,362 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:FEDERAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
416 SHERIDAN AVE
MONROE, LA 71201-5128
Phone:(318) 387-3215
Fax:(318) 387-8714
Website:https://federalemployeescu-dn.finan
Branches:1 branch locations
Members:1,362
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62929
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1941
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$22,368,568
CEO/Manager:SHARON K HESTER
Chairperson:SUE SAUCER

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 529,062
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 57,345
 Unsecured Loans 1,594,558
 Other Loans 12,398,485
 TOTAL LOANS 14,586,465
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -191,535
 Land And Building 186,008
 Other Fixed Assets 18,179
 NCUSIF Deposit 162,466
 All Other Assets 0
  TOTAL ASSETS 22,368,568
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 100,579
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,450,828
 Regular shares 9,142,910
 All Other Shares & Deposits 3,903,735
  TOTAL SHARES & DEPOSITS 15,497,473
  TOTAL LIABILITIES 15,598,052
 Regular Reserve 0
 Other Reserves 1,054,269
 Undivided Earnings 5,716,247
  TOTAL EQUITY 6,770,516
  TOTAL LIABILITIES, SHARES, & EQUITY 22,368,568
INCOME & EXPENSE  
 Loan Income 705,656
 Investment Income 104,486
 Other Income 79,671
 Total Employee Compensation & Benefits 393,022
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 249,735
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 82,131
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 160,254
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