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MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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
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