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RAPIDES FEDERAL CREDIT UNION

Mar, 31, 2021 — RAPIDES FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 2 branch locations and about $6.32 million in total assets. Opened 63 years ago in 1958, RAPIDES FEDERAL CREDIT UNION has about 1,045 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:RAPIDES FEDERAL CREDIT UNION
Address:
(Main Office)
612 BROADWAY AVE
ALEXANDRIA, LA 71302
Phone:(318) 445-2866
Fax:(318) 448-1406
Website:http://www.rapidesfederalcu.com
Branches:2 branch locations
Members:1,045
Credit Union Type:Federal Credit Union
Charter Number:12225
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1958
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,320,260
CEO/Manager:Michael L Bell
Chairperson:Susie C Smith

Call Report

  • Risk Based Loans
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,289,268
TOTAL INVESTMENTS 3,510,684
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 248,335
 Other Loans 1,153,700
 TOTAL LOANS 1,402,035
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,174
 Land And Building 51,802
 Other Fixed Assets 12,478
 NCUSIF Deposit 41,246
 All Other Assets 19,921
  TOTAL ASSETS 6,320,260
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,392
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,688,900
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,688,900
  TOTAL LIABILITIES 4,706,292
 Regular Reserve 652,510
 Other Reserves 0
 Undivided Earnings 961,458
  TOTAL EQUITY 1,613,968
  TOTAL LIABILITIES, SHARES, & EQUITY 6,320,260
INCOME & EXPENSE  
 Loan Income 23,712
 Investment Income 15,767
 Other Income 3,157
 Total Employee Compensation & Benefits 24,029
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 29,102
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -255
 Cost of Funds 2,894
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -7,978
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