Dec, 31, 2023 — LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MONROE, LA with 2 branch locations and about $4.04 million in total assets. Opened 63 years ago in 1961, LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION has about 703 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2414 Ferrand St Ste 4 MONROE, LA 71201-3255 |
| Phone: | (318) 342-9722 |
| Fax: | (318) 343-1622 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 703 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14376 |
|---|---|
| Membership Type: | Manufacturing - Machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,044,847 |
| CEO/Manager: | Gloria Salas |
| Chairperson: | Jose' Salas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 379,876 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 191,033 |
| Other Loans | 2,934,948 |
| TOTAL LOANS | 3,125,981 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,481 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 35,321 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,044,847 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,759 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,918,089 |
| All Other Shares & Deposits | 1,274,354 |
| TOTAL SHARES & DEPOSITS | 3,192,443 |
| TOTAL LIABILITIES | 3,202,708 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 842,139 |
| TOTAL EQUITY | 842,139 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,044,847 |
| INCOME & EXPENSE | |
| Loan Income | 172,759 |
| Investment Income | 21,603 |
| Other Income | 6,809 |
| Total Employee Compensation & Benefits | 118,646 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 45,497 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,430 |
| Cost of Funds | 27,300 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,161 |
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