Dec, 31, 2023 — MONTELL FEDERAL CREDIT UNION is a federal credit union headquartered in WESTLAKE, LA with 1 branch location and about $5.21 million in total assets. Opened 54 years ago in 1970, MONTELL FEDERAL CREDIT UNION has about 666 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MONTELL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4101 Highway 108 WESTLAKE, LA 70669 |
| Phone: | (337) 439-7333 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 666 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20228 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,208,883 |
| CEO/Manager: | Katherine J Louviere |
| Chairperson: | Joseph L McMichael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 147,368 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 677,873 |
| Other Loans | 3,924,938 |
| TOTAL LOANS | 4,602,811 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,688 |
| Land And Building | 0 |
| Other Fixed Assets | 9,809 |
| NCUSIF Deposit | 29,120 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,208,883 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,005,871 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,089,211 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,089,211 |
| TOTAL LIABILITIES | 4,095,082 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,113,801 |
| TOTAL EQUITY | 1,113,801 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,208,883 |
| INCOME & EXPENSE | |
| Loan Income | 162,542 |
| Investment Income | 8,417 |
| Other Income | 26,303 |
| Total Employee Compensation & Benefits | 81,396 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 55,273 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 52,073 |
| Cost of Funds | 122,598 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -113,328 |
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