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RAPIDES FEDERAL CREDIT UNION

Mar, 31, 2022 — RAPIDES FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 2 branch locations and about $6.53 million in total assets. Opened 64 years ago in 1958, RAPIDES FEDERAL CREDIT UNION has about 1,034 members and employs 5 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 71302-5932
Phone:(318) 445-2866
Fax:(318) 448-1406
Website:http://www.rapidesfederalcu.com
Branches:2 branch locations
Members:1,034
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:Oct 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,529,092
CEO/Manager:Basil W Smith
Chairperson:Susie C Smith

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,873,939
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 266,142
 Other Loans 1,028,245
 TOTAL LOANS 1,294,387
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,121
 Land And Building 45,256
 Other Fixed Assets 10,008
 NCUSIF Deposit 44,640
 All Other Assets 0
  TOTAL ASSETS 6,529,092
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,903
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,921,637
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,921,637
  TOTAL LIABILITIES 4,939,540
 Regular Reserve 0
 Other Reserves 652,510
 Undivided Earnings 937,042
  TOTAL EQUITY 1,589,552
  TOTAL LIABILITIES, SHARES, & EQUITY 6,529,092
INCOME & EXPENSE  
 Loan Income 20,959
 Investment Income 9,830
 Other Income 3,056
 Total Employee Compensation & Benefits 24,921
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 24,227
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,630
 Cost of Funds 3,241
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -15,865
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