Mar, 31, 2022 — OUACHITA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 6 branch locations and about $343.97 million in total assets. Opened 67 years ago in 1955, OUACHITA VALLEY FEDERAL CREDIT UNION has about 33,670 members and employs 118 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: | http://ouachitavalleyfcu.org |
| Branches: | 6 branch locations |
| Members: | 33,670 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $343,972,504 |
| CEO/Manager: | Gary M Funderburk |
| Chairperson: | Stanley(Dale) D Liner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,176,764 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,194,836 |
| Unsecured Loans | 11,233,415 |
| Other Loans | 149,927,345 |
| TOTAL LOANS | 211,426,279 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,595,321 |
| Land And Building | 9,910,397 |
| Other Fixed Assets | 589,357 |
| NCUSIF Deposit | 2,722,282 |
| All Other Assets | 52,053 |
| TOTAL ASSETS | 343,972,504 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,338,327 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,380,982 |
| Regular shares | 159,318,758 |
| All Other Shares & Deposits | 80,592,716 |
| TOTAL SHARES & DEPOSITS | 298,292,456 |
| TOTAL LIABILITIES | 309,630,783 |
| Regular Reserve | 0 |
| Other Reserves | -4,013,052 |
| Undivided Earnings | 38,354,773 |
| TOTAL EQUITY | 34,341,721 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 343,972,504 |
| INCOME & EXPENSE | |
| Loan Income | 2,740,854 |
| Investment Income | 192,765 |
| Other Income | 1,521,944 |
| Total Employee Compensation & Benefits | 1,875,880 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,913,072 |
| Non-operating Income & (Expense) | 271,369 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 127,558 |
| Cost of Funds | 301,865 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 813,850 |
| ↑ Back to Top | |