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MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BOGALUSA, LA with 1 branch location and about $890,573 in total assets. Opened 66 years ago in 1955, MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 158 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:158
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:$890,573
CEO/Manager:Sheree Wascom
Chairperson:James Hall

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 128,584
TOTAL INVESTMENTS 574,307
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 176,434
 Other Loans 1,118
 TOTAL LOANS 177,552
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,000
 Land And Building 2,014
 Other Fixed Assets 2,283
 NCUSIF Deposit 6,075
 All Other Assets 1,758
  TOTAL ASSETS 890,573
LIABILITIES & CAPITAL:  
 Dividends Payable 40
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 298
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 615,158
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 615,158
  TOTAL LIABILITIES 615,496
 Regular Reserve 72,333
 Other Reserves 0
 Undivided Earnings 202,744
  TOTAL EQUITY 275,077
  TOTAL LIABILITIES, SHARES, & EQUITY 890,573
INCOME & EXPENSE  
 Loan Income 11,852
 Investment Income 1,351
 Other Income 0
 Total Employee Compensation & Benefits 8,401
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,604
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 198
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