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MORGAN CITY FEDERAL CREDIT UNION

Dec, 31, 2023 — MORGAN CITY FEDERAL CREDIT UNION is a federal credit union headquartered in MORGAN CITY, LA with 1 branch location and about $5.15 million in total assets. Opened 62 years ago in 1962, MORGAN CITY FEDERAL CREDIT UNION has about 913 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MORGAN CITY FEDERAL CREDIT UNION
Address:
(Main Office)
1205 VICTOR II BLVD
MORGAN CITY, LA 70380
Phone:(985) 380-4722
Fax:(985) 385-9968
Website:n/a
Branches:1 branch locations
Members:913
Credit Union Type:Federal Credit Union
Charter Number:15009
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1962
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$5,150,917
CEO/Manager:CANDACE LEBLANC
Chairperson:CLAYTON CANTY

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 226,945
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 382,101
 Other Loans 2,657,277
 TOTAL LOANS 3,039,378
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,162
 Land And Building 253,267
 Other Fixed Assets 13,994
 NCUSIF Deposit 49,531
 All Other Assets 0
  TOTAL ASSETS 5,150,917
LIABILITIES & CAPITAL:  
 Dividends Payable 4,328
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,712
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,393,914
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,393,914
  TOTAL LIABILITIES 4,402,954
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 747,963
  TOTAL EQUITY 747,963
  TOTAL LIABILITIES, SHARES, & EQUITY 5,150,917
INCOME & EXPENSE  
 Loan Income 169,865
 Investment Income 32,051
 Other Income 4,515
 Total Employee Compensation & Benefits 110,307
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 63,365
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 18,191
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,798
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