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VALEX FEDERAL CREDIT UNION

Dec, 31, 2023 — VALEX FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 3 branch locations and about $42.73 million in total assets. Opened 75 years ago in 1949, VALEX FEDERAL CREDIT UNION has about 3,020 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:VALEX FEDERAL CREDIT UNION
Address:
(Main Office)
1767 Jackson St
ALEXANDRIA, LA 71301-6433
Phone:(318) 443-1200
Fax:(318) 487-1326
Website:https://www.valexfcu.org
Branches:3 branch locations
Members:3,020
Credit Union Type:Federal Credit Union
Charter Number:6116
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$42,732,344
CEO/Manager:Chris Chelette
Chairperson:Deron Thaxton

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,460,373
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,613,716
 Unsecured Loans 3,269,681
 Other Loans 27,098,977
 TOTAL LOANS 33,982,374
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -72,453
 Land And Building 165,083
 Other Fixed Assets 46,554
 NCUSIF Deposit 316,432
 All Other Assets 0
  TOTAL ASSETS 42,732,344
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 51,772
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,865,523
 Regular shares 19,685,764
 All Other Shares & Deposits 13,059,386
  TOTAL SHARES & DEPOSITS 39,610,673
  TOTAL LIABILITIES 39,662,445
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,069,899
  TOTAL EQUITY 3,069,899
  TOTAL LIABILITIES, SHARES, & EQUITY 42,732,344
INCOME & EXPENSE  
 Loan Income 1,519,251
 Investment Income 162,402
 Other Income 135,616
 Total Employee Compensation & Benefits 615,942
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 971,253
 Non-operating Income & (Expense) 5,155
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 86,541
 Cost of Funds 290,880
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 111,643
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