Dec, 31, 2023 — GP LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in ZACHARY, LA with 3 branch locations and about $47.10 million in total assets. Opened 55 years ago in 1969, GP LOUISIANA FEDERAL CREDIT UNION has about 4,505 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GP LOUISIANA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1700 E. Mt. Pleasant Road ZACHARY, LA 70791 |
Phone: | (225) 654-7230 |
Fax: | (225) 654-7232 |
Website: | https://www.gplafcu.com |
Branches: | 3 branch locations |
Members: | 4,505 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19320 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $47,098,122 |
CEO/Manager: | Kathleen B Smith |
Chairperson: | Dianne LeBlanc |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,946,432 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 543,918 |
Unsecured Loans | 5,016,978 |
Other Loans | 25,320,558 |
TOTAL LOANS | 30,881,454 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -681,903 |
Land And Building | 2,064,047 |
Other Fixed Assets | 44,399 |
NCUSIF Deposit | 407,226 |
All Other Assets | 6,500 |
TOTAL ASSETS | 47,098,122 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 205,304 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 48,300 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,330,583 |
Regular shares | 18,526,649 |
All Other Shares & Deposits | 19,006,146 |
TOTAL SHARES & DEPOSITS | 40,863,379 |
TOTAL LIABILITIES | 41,116,983 |
Regular Reserve | 0 |
Other Reserves | 84,441 |
Undivided Earnings | 5,896,698 |
TOTAL EQUITY | 5,981,139 |
TOTAL LIABILITIES, SHARES, & EQUITY | 47,098,122 |
INCOME & EXPENSE | |
Loan Income | 2,050,130 |
Investment Income | 437,702 |
Other Income | 406,445 |
Total Employee Compensation & Benefits | 766,275 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,170,288 |
Non-operating Income & (Expense) | 571,835 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 238,212 |
Cost of Funds | 687,761 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 603,576 |
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