Jun, 30, 2021 — OUACHITA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in West Monroe, LA with 6 branch locations and about $321.80 million in total assets. Opened 66 years ago in 1955, OUACHITA VALLEY FEDERAL CREDIT UNION has about 33,306 members and employs 113 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) | P O Box 1477 West Monroe, LA 71294 |
| Phone: | (318) 387-4592 |
| Fax: | (318) 387-6263 |
| Website: | http://ouachitavalleyfcu.org |
| Branches: | 6 branch locations |
| Members: | 33,306 |
| 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, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $321,796,144 |
| CEO/Manager: | Gary M Funderburk |
| Chairperson: | Stanley(Dale) D Liner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 69,658,042 |
| TOTAL INVESTMENTS | 37,950,363 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 46,436,545 |
| Unsecured Loans | 12,290,580 |
| Other Loans | 139,521,072 |
| TOTAL LOANS | 198,325,936 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,219,533 |
| Land And Building | 10,376,414 |
| Other Fixed Assets | 599,990 |
| NCUSIF Deposit | 2,470,035 |
| All Other Assets | 3,634,897 |
| TOTAL ASSETS | 321,796,144 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,134,260 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,971,983 |
| Regular shares | 147,542,878 |
| All Other Shares & Deposits | 77,981,156 |
| TOTAL SHARES & DEPOSITS | 280,496,017 |
| TOTAL LIABILITIES | 289,630,277 |
| Regular Reserve | 2,302,871 |
| Other Reserves | -3,668,655 |
| Undivided Earnings | 33,531,651 |
| TOTAL EQUITY | 32,165,867 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 321,796,144 |
| INCOME & EXPENSE | |
| Loan Income | 5,297,829 |
| Investment Income | 259,453 |
| Other Income | 2,851,634 |
| Total Employee Compensation & Benefits | 3,728,513 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,654,540 |
| Non-operating Income & (Expense) | 281,677 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 327,124 |
| Cost of Funds | 759,362 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,724,485 |
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