Dec, 31, 2023 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $95.22 million in total assets. Opened 85 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 10,565 members and employs 26 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 USA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10289 Airline Hwy BATON ROUGE, LA 70816 |
| Phone: | (225) 292-8910 |
| Fax: | (225) 296-0738 |
| Website: | https://louisianausa.org |
| Branches: | 2 branch locations |
| Members: | 10,565 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3061 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $95,223,199 |
| CEO/Manager: | Adam C Foy |
| Chairperson: | Norman J Borne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 475,844 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 161,380 |
| Real Estate Loans | 20,951,636 |
| Unsecured Loans | 5,811,383 |
| Other Loans | 44,758,518 |
| TOTAL LOANS | 71,521,537 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -197,239 |
| Land And Building | 1,707,287 |
| Other Fixed Assets | 212,653 |
| NCUSIF Deposit | 779,707 |
| All Other Assets | 0 |
| TOTAL ASSETS | 95,223,199 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 189,921 |
| Notes & Interest Payable | 2,947,283 |
| Accounts Payable & Other Liabilities | 363,423 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,027,198 |
| Regular shares | 36,946,182 |
| All Other Shares & Deposits | 25,964,747 |
| TOTAL SHARES & DEPOSITS | 78,938,127 |
| TOTAL LIABILITIES | 82,438,754 |
| Regular Reserve | 0 |
| Other Reserves | 3,634,626 |
| Undivided Earnings | 9,149,819 |
| TOTAL EQUITY | 12,784,445 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 95,223,199 |
| INCOME & EXPENSE | |
| Loan Income | 3,961,389 |
| Investment Income | 302,068 |
| Other Income | 514,042 |
| Total Employee Compensation & Benefits | 1,913,703 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,023,252 |
| Non-operating Income & (Expense) | 29,138 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 266,504 |
| Cost of Funds | 808,062 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 449,806 |
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