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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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