Dec, 31, 2021 — ALLIED PLASTICS FEDERAL CREDIT UNION is a federal credit union headquartered in ZACHARY, LA with 0 branch location and about $26.05 million in total assets. Opened 65 years ago in 1957, ALLIED PLASTICS FEDERAL CREDIT UNION has about 1,695 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLIED PLASTICS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 E Mount Pleasant Rd ZACHARY, LA 70791-5919 |
| Phone: | (225) 775-1082 |
| Fax: | (225) 775-1151 |
| Website: | http://apfcu.net |
| Branches: | 0 branch locations |
| Members: | 1,695 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11906 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Apr 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,048,282 |
| CEO/Manager: | Cindy B Lee |
| Chairperson: | William Whittington Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,902,659 |
| TOTAL INVESTMENTS | 9,811,429 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,426,152 |
| Unsecured Loans | 1,552,853 |
| Other Loans | 8,166,970 |
| TOTAL LOANS | 11,145,975 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,387 |
| Land And Building | 0 |
| Other Fixed Assets | 11,505 |
| NCUSIF Deposit | 218,659 |
| All Other Assets | 14,442 |
| TOTAL ASSETS | 26,048,282 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,660 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,534 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,813,910 |
| Regular shares | 9,145,506 |
| All Other Shares & Deposits | 12,077,061 |
| TOTAL SHARES & DEPOSITS | 23,036,477 |
| TOTAL LIABILITIES | 23,094,671 |
| Regular Reserve | 500,000 |
| Other Reserves | -274,980 |
| Undivided Earnings | 2,728,591 |
| TOTAL EQUITY | 2,953,611 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,048,282 |
| INCOME & EXPENSE | |
| Loan Income | 686,484 |
| Investment Income | 135,339 |
| Other Income | 90,345 |
| Total Employee Compensation & Benefits | 326,183 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 321,368 |
| Non-operating Income & (Expense) | -40,124 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,729 |
| Cost of Funds | 227,800 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 121,458 |
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