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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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