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 |
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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 |
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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 |
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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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