Dec, 31, 2023 — ACCESS OF LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in LAKE CHARLES, LA with 2 branch locations and about $44.87 million in total assets. Opened 69 years ago in 1955, ACCESS OF LOUISIANA FEDERAL CREDIT UNION has about 3,848 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACCESS OF LOUISIANA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 519 Kirby St LAKE CHARLES, LA 70601 |
| Phone: | (337) 533-1808 |
| Fax: | (337) 533-8419 |
| Website: | https://www.access.coop |
| Branches: | 2 branch locations |
| Members: | 3,848 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10353 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,865,840 |
| CEO/Manager: | Michelle M Jinks |
| Chairperson: | Brian Burton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,480,025 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,278,040 |
| Unsecured Loans | 2,221,161 |
| Other Loans | 16,243,072 |
| TOTAL LOANS | 26,742,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,725 |
| Land And Building | 1,399,678 |
| Other Fixed Assets | 124,215 |
| NCUSIF Deposit | 382,200 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,865,840 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,668 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,606 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,961,074 |
| Regular shares | 21,933,883 |
| All Other Shares & Deposits | 14,328,975 |
| TOTAL SHARES & DEPOSITS | 40,223,933 |
| TOTAL LIABILITIES | 40,374,207 |
| Regular Reserve | 0 |
| Other Reserves | 204,044 |
| Undivided Earnings | 4,287,589 |
| TOTAL EQUITY | 4,491,633 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,865,840 |
| INCOME & EXPENSE | |
| Loan Income | 1,400,542 |
| Investment Income | 205,601 |
| Other Income | 333,797 |
| Total Employee Compensation & Benefits | 782,277 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 940,855 |
| Non-operating Income & (Expense) | -854 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,300 |
| Cost of Funds | 445,712 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 147 |
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