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National Credit Union Service Organization

RAPIDES FEDERAL CREDIT UNION

Sep, 30, 2021 — RAPIDES FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 2 branch locations and about $6.57 million in total assets. Opened 63 years ago in 1958, RAPIDES FEDERAL CREDIT UNION has about 1,039 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:1,039
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:$6,566,671
CEO/Manager:Michael L Bell
Chairperson:Susie C Smith

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,569,673
TOTAL INVESTMENTS 3,510,943
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 255,625
 Other Loans 1,131,589
 TOTAL LOANS 1,387,214
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,979
 Land And Building 48,529
 Other Fixed Assets 10,745
 NCUSIF Deposit 44,640
 All Other Assets 9,906
  TOTAL ASSETS 6,566,671
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,997
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,927,323
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,927,323
  TOTAL LIABILITIES 4,946,320
 Regular Reserve 652,510
 Other Reserves 0
 Undivided Earnings 967,841
  TOTAL EQUITY 1,620,351
  TOTAL LIABILITIES, SHARES, & EQUITY 6,566,671
INCOME & EXPENSE  
 Loan Income 70,807
 Investment Income 45,580
 Other Income 9,452
 Total Employee Compensation & Benefits 74,711
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 80,456
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,289
 Cost of Funds 9,230
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,596
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