Dec, 31, 2023 — ZELLCO FEDERAL CREDIT UNION is a federal credit union headquartered in BOGALUSA, LA with 4 branch locations and about $81.72 million in total assets. Opened 89 years ago in 1935, ZELLCO FEDERAL CREDIT UNION has about 8,997 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ZELLCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 520 Avenue V BOGALUSA, LA 70427-4414 |
| Phone: | (985) 732-7522 |
| Fax: | (985) 732-2361 |
| Website: | https://zellcofcu.org |
| Branches: | 4 branch locations |
| Members: | 8,997 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 871 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,716,786 |
| CEO/Manager: | BRIAN KING |
| Chairperson: | RODNEY WASCOM |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,248,416 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,947,772 |
| Unsecured Loans | 3,358,016 |
| Other Loans | 30,232,985 |
| TOTAL LOANS | 51,367,122 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -431,576 |
| Land And Building | 680,724 |
| Other Fixed Assets | 5,078 |
| NCUSIF Deposit | 567,609 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,716,786 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 806,847 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,383,965 |
| Regular shares | 36,364,829 |
| All Other Shares & Deposits | 9,235,114 |
| TOTAL SHARES & DEPOSITS | 56,983,910 |
| TOTAL LIABILITIES | 57,790,757 |
| Regular Reserve | 0 |
| Other Reserves | 2,815,425 |
| Undivided Earnings | 21,110,604 |
| TOTAL EQUITY | 23,926,029 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,716,786 |
| INCOME & EXPENSE | |
| Loan Income | 2,871,745 |
| Investment Income | 1,252,921 |
| Other Income | 682,314 |
| Total Employee Compensation & Benefits | 1,321,958 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,328,614 |
| Non-operating Income & (Expense) | 9,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 337,787 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,860,279 |
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