Dec, 31, 2020 — MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BOGALUSA, LA with 1 branch location and about $881,102 in total assets. Opened 66 years ago in 1955, MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 159 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 222 ARKANSAS AVE BOGALUSA, LA 70427-3810 |
| Phone: | (985) 735-3900 |
| Fax: | (985) 730-2500 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 159 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10011 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $881,102 |
| CEO/Manager: | Sheree Wascom |
| Chairperson: | James Hall |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 96,463 |
| TOTAL INVESTMENTS | 574,307 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 198,056 |
| Other Loans | 1,647 |
| TOTAL LOANS | 199,703 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,000 |
| Land And Building | 2,563 |
| Other Fixed Assets | 3,045 |
| NCUSIF Deposit | 5,717 |
| All Other Assets | 1,304 |
| TOTAL ASSETS | 881,102 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,324 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 607,547 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 607,547 |
| TOTAL LIABILITIES | 606,223 |
| Regular Reserve | 72,333 |
| Other Reserves | 0 |
| Undivided Earnings | 202,546 |
| TOTAL EQUITY | 274,879 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 881,102 |
| INCOME & EXPENSE | |
| Loan Income | 25,178 |
| Investment Income | 3,900 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 16,475 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,678 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,911 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14 |
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