Dec, 31, 2021 — S E L H FEDERAL CREDIT UNION is a federal credit union headquartered in MANDEVILLE, LA with 0 branch location and about $4.60 million in total assets. Opened 67 years ago in 1955, S E L H FEDERAL CREDIT UNION has about 946 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | S E L H FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 23455 Sparrow Rd MANDEVILLE, LA 70448-7378 |
| Phone: | (985) 626-6620 |
| Fax: | (985) 626-6607 |
| Website: | http://www.selhfcu.org |
| Branches: | 0 branch locations |
| Members: | 946 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10509 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,603,808 |
| CEO/Manager: | Liz B Jenkins |
| Chairperson: | Bonnie P Batiste |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 499,653 |
| TOTAL INVESTMENTS | 2,808,837 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 449,090 |
| Other Loans | 822,966 |
| TOTAL LOANS | 1,272,056 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,500 |
| Land And Building | 0 |
| Other Fixed Assets | 157 |
| NCUSIF Deposit | 35,279 |
| All Other Assets | 3,326 |
| TOTAL ASSETS | 4,603,808 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,765 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 364,147 |
| Regular shares | 2,938,192 |
| All Other Shares & Deposits | 912,473 |
| TOTAL SHARES & DEPOSITS | 4,214,812 |
| TOTAL LIABILITIES | 4,219,577 |
| Regular Reserve | 359,443 |
| Other Reserves | 0 |
| Undivided Earnings | 24,788 |
| TOTAL EQUITY | 384,231 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,603,808 |
| INCOME & EXPENSE | |
| Loan Income | 89,950 |
| Investment Income | 7,843 |
| Other Income | 73,777 |
| Total Employee Compensation & Benefits | 120,462 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 103,178 |
| Non-operating Income & (Expense) | 20,368 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,702 |
| Cost of Funds | 10,540 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -39,879 |
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