Dec, 31, 2023 — ENGAGE FEDERAL CREDIT UNION is a federal credit union headquartered in NATCHITOCHES, LA with 1 branch location and about $22.14 million in total assets. Opened 49 years ago in 1975, ENGAGE FEDERAL CREDIT UNION has about 2,804 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ENGAGE FEDERAL CREDIT UNION |
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Address: (Main Office) | 256 Highway 3175 Byp NATCHITOCHES, LA 71457-9601 |
Phone: | (318) 238-7762 |
Fax: | (318) 238-7769 |
Website: | https://www.engagefcu.org |
Branches: | 1 branch locations |
Members: | 2,804 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22005 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,142,787 |
CEO/Manager: | kathy l deloney |
Chairperson: | steve nichols |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,295,153 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,202,784 |
Other Loans | 16,895,013 |
TOTAL LOANS | 18,097,797 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -198,563 |
Land And Building | 448,995 |
Other Fixed Assets | 41,321 |
NCUSIF Deposit | 136,123 |
All Other Assets | 0 |
TOTAL ASSETS | 22,142,787 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,345 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,498,593 |
Regular shares | 6,103,884 |
All Other Shares & Deposits | 8,308,374 |
TOTAL SHARES & DEPOSITS | 16,910,851 |
TOTAL LIABILITIES | 16,929,196 |
Regular Reserve | 0 |
Other Reserves | 600,000 |
Undivided Earnings | 4,613,591 |
TOTAL EQUITY | 5,213,591 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,142,787 |
INCOME & EXPENSE | |
Loan Income | 938,094 |
Investment Income | 40,791 |
Other Income | 297,495 |
Total Employee Compensation & Benefits | 423,138 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 337,862 |
Non-operating Income & (Expense) | 174,015 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
Cost of Funds | 226,786 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 380,163 |
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