Dec, 31, 2023 — TOTAL CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in HAHNVILLE, LA with 3 branch locations and about $62.12 million in total assets. Opened 48 years ago in 1976, TOTAL CHOICE FEDERAL CREDIT UNION has about 5,877 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TOTAL CHOICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 14963 River Rd HAHNVILLE, LA 70057 |
Phone: | (985) 783-2130 |
Fax: | (985) 783-2905 |
Website: | https://www.totalchoicefcu.com |
Branches: | 3 branch locations |
Members: | 5,877 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22369 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $62,115,778 |
CEO/Manager: | Mary B Vedros |
Chairperson: | Mary Champagne |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,198,740 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,575,279 |
Unsecured Loans | 4,761,018 |
Other Loans | 15,315,307 |
TOTAL LOANS | 23,651,604 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -201,311 |
Land And Building | 2,528,575 |
Other Fixed Assets | 91,870 |
NCUSIF Deposit | 588,537 |
All Other Assets | 27,500 |
TOTAL ASSETS | 62,115,778 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 4,743,634 |
Accounts Payable & Other Liabilities | 199,468 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,347,669 |
Regular shares | 37,187,048 |
All Other Shares & Deposits | 6,272,238 |
TOTAL SHARES & DEPOSITS | 54,806,955 |
TOTAL LIABILITIES | 59,750,057 |
Regular Reserve | 0 |
Other Reserves | -1,972,182 |
Undivided Earnings | 4,337,903 |
TOTAL EQUITY | 2,365,721 |
TOTAL LIABILITIES, SHARES, & EQUITY | 62,115,778 |
INCOME & EXPENSE | |
Loan Income | 1,233,492 |
Investment Income | 320,672 |
Other Income | 905,909 |
Total Employee Compensation & Benefits | 855,283 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,576,901 |
Non-operating Income & (Expense) | 31,608 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,709 |
Cost of Funds | 283,623 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -439,722 |
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