Dec, 31, 2023 — LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in LA PLACE, LA with 4 branch locations and about $397.19 million in total assets. Opened 89 years ago in 1935, LOUISIANA FEDERAL CREDIT UNION has about 36,170 members and employs 126 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOUISIANA FEDERAL CREDIT UNION |
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Address: (Main Office) | 805 Robin St LA PLACE, LA 70068-4903 |
Phone: | (985) 652-4990 |
Fax: | (985) 651-8001 |
Website: | https://www.louisianafcu.org |
Branches: | 4 branch locations |
Members: | 36,170 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 174 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $397,194,535 |
CEO/Manager: | Rhonda D Hotard |
Chairperson: | Greg Maurin |
ASSETS: | $ Amount |
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Cash & Equivalents | 29,118,910 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 119,068,842 |
Unsecured Loans | 59,108,890 |
Other Loans | 143,416,549 |
TOTAL LOANS | 321,707,134 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,728,930 |
Land And Building | 7,648,816 |
Other Fixed Assets | 1,929,058 |
NCUSIF Deposit | 3,454,861 |
All Other Assets | 891,068 |
TOTAL ASSETS | 397,194,535 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,138,531 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 70,318,058 |
Regular shares | 158,717,007 |
All Other Shares & Deposits | 108,713,013 |
TOTAL SHARES & DEPOSITS | 337,748,078 |
TOTAL LIABILITIES | 344,886,609 |
Regular Reserve | 0 |
Other Reserves | 4,908,980 |
Undivided Earnings | 47,398,946 |
TOTAL EQUITY | 52,307,926 |
TOTAL LIABILITIES, SHARES, & EQUITY | 397,194,535 |
INCOME & EXPENSE | |
Loan Income | 18,409,046 |
Investment Income | 2,056,904 |
Other Income | 6,192,568 |
Total Employee Compensation & Benefits | 10,499,717 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,715,036 |
Non-operating Income & (Expense) | 55,560 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,842,416 |
Cost of Funds | 2,492,278 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,136,498 |
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