Dec, 31, 2023 — MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BOGALUSA, LA with 1 branch location and about $584,911 in total assets. Opened 69 years ago in 1955, MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 150 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 222 Arkansas Ave BOGALUSA, LA 70427-3810 |
Phone: | (985) 735-3900 |
Fax: | (985) 730-2500 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 150 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10011 |
---|---|
Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $584,911 |
CEO/Manager: | Sheree Wascom |
Chairperson: | James Hall |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 28,027 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 146,190 |
Other Loans | 0 |
TOTAL LOANS | 146,191 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,999 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 3,446 |
All Other Assets | 0 |
TOTAL ASSETS | 584,911 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,268 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 309,821 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 309,821 |
TOTAL LIABILITIES | 315,089 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 269,822 |
TOTAL EQUITY | 269,822 |
TOTAL LIABILITIES, SHARES, & EQUITY | 584,911 |
INCOME & EXPENSE | |
Loan Income | 18,968 |
Investment Income | 9,936 |
Other Income | 0 |
Total Employee Compensation & Benefits | 14,424 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,949 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 3,300 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,769 |
↑ Back to Top |