Dec, 31, 2023 — IBERIA PARISH FEDERAL CREDIT UNION is a federal credit union headquartered in NEW IBERIA, LA with 1 branch location and about $263,303 in total assets. Opened 83 years ago in 1941, IBERIA PARISH FEDERAL CREDIT UNION has about 271 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IBERIA PARISH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 French St NEW IBERIA, LA 70560 |
| Phone: | (337) 369-3121 |
| Fax: | (337) 369-3170 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 271 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4416 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $263,303 |
| CEO/Manager: | Sherial Scott |
| Chairperson: | Curly Mouton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 106,371 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 91,890 |
| Other Loans | 0 |
| TOTAL LOANS | 91,890 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,023 |
| Land And Building | 23,732 |
| Other Fixed Assets | 38 |
| NCUSIF Deposit | 1,630 |
| All Other Assets | 0 |
| TOTAL ASSETS | 263,303 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 543 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 158,463 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 158,462 |
| TOTAL LIABILITIES | 159,005 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 104,298 |
| TOTAL EQUITY | 104,298 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 263,303 |
| INCOME & EXPENSE | |
| Loan Income | 13,621 |
| Investment Income | 808 |
| Other Income | 941 |
| Total Employee Compensation & Benefits | 17,044 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,817 |
| Non-operating Income & (Expense) | 2,100 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 676 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -19,067 |
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