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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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