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LES FEDERAL CREDIT UNION

Dec, 31, 2023 — LES FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $42.99 million in total assets. Opened 74 years ago in 1950, LES FEDERAL CREDIT UNION has about 4,993 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:LES FEDERAL CREDIT UNION
Address:
(Main Office)
950 N 22nd St Ste C
BATON ROUGE, LA 70802
Phone:(225) 342-3288
Fax:(225) 342-3289
Website:https://www.lesfcu.com
Branches:2 branch locations
Members:4,993
Credit Union Type:Federal Credit Union
Charter Number:6584
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1950
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$42,986,168
CEO/Manager:Jackie Patin
Chairperson:Lawrence A White

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,481,549
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,972,837
 Unsecured Loans 3,613,642
 Other Loans 14,208,461
 TOTAL LOANS 21,794,940
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -269,801
 Land And Building 863,112
 Other Fixed Assets 27,251
 NCUSIF Deposit 368,758
 All Other Assets 0
  TOTAL ASSETS 42,986,168
LIABILITIES & CAPITAL:  
 Dividends Payable 115,037
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 208,619
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,075,790
 Regular shares 24,194,322
 All Other Shares & Deposits 6,454,618
  TOTAL SHARES & DEPOSITS 37,724,730
  TOTAL LIABILITIES 38,048,386
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,937,782
  TOTAL EQUITY 4,937,782
  TOTAL LIABILITIES, SHARES, & EQUITY 42,986,168
INCOME & EXPENSE  
 Loan Income 1,484,637
 Investment Income 744,933
 Other Income 217,677
 Total Employee Compensation & Benefits 812,129
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 702,940
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 175,925
 Cost of Funds 552,634
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 296,491
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