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NORTHWEST LOUISIANA FEDERAL CREDIT UNION

Dec, 31, 2023 — NORTHWEST LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in Shreveport, LA with 1 branch location and about $10.40 million in total assets. Opened 49 years ago in 1975, NORTHWEST LOUISIANA FEDERAL CREDIT UNION has about 836 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:NORTHWEST LOUISIANA FEDERAL CREDIT UNION
Address:
(Main Office)
7070 Jewella Ave
Shreveport, LA 71108
Phone:(318) 686-5438
Fax:(318) 682-3867
Website:https://nwlafcu.org
Branches:1 branch locations
Members:836
Credit Union Type:Federal Credit Union
Charter Number:21998
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1975
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$10,397,252
CEO/Manager:Beth Session
Chairperson:Margaret A Mays

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,472,903
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 655,624
 Unsecured Loans 785,909
 Other Loans 1,819,628
 TOTAL LOANS 3,269,685
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,855
 Land And Building 283,096
 Other Fixed Assets 28,510
 NCUSIF Deposit 73,781
 All Other Assets 0
  TOTAL ASSETS 10,397,252
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 94,034
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,140,404
 Regular shares 4,583,904
 All Other Shares & Deposits 1,429,590
  TOTAL SHARES & DEPOSITS 7,153,898
  TOTAL LIABILITIES 7,247,932
 Regular Reserve 0
 Other Reserves 1,320,487
 Undivided Earnings 1,828,833
  TOTAL EQUITY 3,149,320
  TOTAL LIABILITIES, SHARES, & EQUITY 10,397,252
INCOME & EXPENSE  
 Loan Income 175,556
 Investment Income 42,909
 Other Income 84,788
 Total Employee Compensation & Benefits 116,343
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 232,416
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -234
 Cost of Funds 12,014
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,346
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