Dec, 31, 2023 — OUACHITA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 6 branch locations and about $370.45 million in total assets. Opened 69 years ago in 1955, OUACHITA VALLEY FEDERAL CREDIT UNION has about 35,118 members and employs 117 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OUACHITA VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1420 Natchitoches St WEST MONROE, LA 71292 |
| Phone: | (318) 387-4592 |
| Fax: | (318) 387-6263 |
| Website: | https://ouachitavalleyfcu.org |
| Branches: | 6 branch locations |
| Members: | 35,118 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10181 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $370,451,816 |
| CEO/Manager: | Gary M Funderburk |
| Chairperson: | Kathren(Katie) H Pilcher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,199,981 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,273,318 |
| Unsecured Loans | 16,126,329 |
| Other Loans | 200,029,791 |
| TOTAL LOANS | 264,445,191 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,474,093 |
| Land And Building | 9,573,023 |
| Other Fixed Assets | 482,644 |
| NCUSIF Deposit | 3,069,555 |
| All Other Assets | 50,583 |
| TOTAL ASSETS | 370,451,816 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,392,240 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,565,944 |
| Regular shares | 142,616,121 |
| All Other Shares & Deposits | 126,305,767 |
| TOTAL SHARES & DEPOSITS | 327,487,832 |
| TOTAL LIABILITIES | 328,880,072 |
| Regular Reserve | 0 |
| Other Reserves | -3,969,307 |
| Undivided Earnings | 45,541,051 |
| TOTAL EQUITY | 41,571,744 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 370,451,816 |
| INCOME & EXPENSE | |
| Loan Income | 14,573,028 |
| Investment Income | 2,191,936 |
| Other Income | 3,545,911 |
| Total Employee Compensation & Benefits | 8,417,164 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,912,272 |
| Non-operating Income & (Expense) | 1,716,991 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 873,827 |
| Cost of Funds | 4,516,881 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,501,398 |
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