Dec, 31, 2020 — OUACHITA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in West Monroe, LA with 6 branch locations and about $296.44 million in total assets. Opened 66 years ago in 1955, OUACHITA VALLEY FEDERAL CREDIT UNION has about 32,179 members and employs 110 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: | 32,179 |
| 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: | $296,438,686 |
| CEO/Manager: | Kathren(Katie) H Pilcher |
| Chairperson: | Stanley(Dale) D Liner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,902,108 |
| TOTAL INVESTMENTS | 26,544,011 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 46,846,252 |
| Unsecured Loans | 13,013,486 |
| Other Loans | 133,522,942 |
| TOTAL LOANS | 193,464,933 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,084,153 |
| Land And Building | 10,487,374 |
| Other Fixed Assets | 682,254 |
| NCUSIF Deposit | 2,412,137 |
| All Other Assets | 2,030,022 |
| TOTAL ASSETS | 296,438,686 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,863,181 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,994,301 |
| Regular shares | 125,370,943 |
| All Other Shares & Deposits | 80,896,277 |
| TOTAL SHARES & DEPOSITS | 255,261,521 |
| TOTAL LIABILITIES | 266,124,702 |
| Regular Reserve | 2,302,871 |
| Other Reserves | -3,796,053 |
| Undivided Earnings | 31,807,166 |
| TOTAL EQUITY | 30,313,984 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 296,438,686 |
| INCOME & EXPENSE | |
| Loan Income | 10,639,561 |
| Investment Income | 536,199 |
| Other Income | 6,741,968 |
| Total Employee Compensation & Benefits | 7,044,316 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,765,701 |
| Non-operating Income & (Expense) | 824,463 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 828,365 |
| Cost of Funds | 1,991,742 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,112,067 |
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