Dec, 31, 2020 — RAPIDES FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 2 branch locations and about $6.12 million in total assets. Opened 63 years ago in 1958, RAPIDES FEDERAL CREDIT UNION has about 1,048 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: | 1,048 |
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: | $6,115,215 |
CEO/Manager: | Michael L Bell |
Chairperson: | Susie C Smith |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,100,753 |
TOTAL INVESTMENTS | 3,460,479 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 268,640 |
Other Loans | 1,169,386 |
TOTAL LOANS | 1,438,026 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,787 |
Land And Building | 53,439 |
Other Fixed Assets | 5,377 |
NCUSIF Deposit | 41,245 |
All Other Assets | 22,683 |
TOTAL ASSETS | 6,115,215 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 28,620 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,464,648 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,464,648 |
TOTAL LIABILITIES | 4,493,268 |
Regular Reserve | 652,510 |
Other Reserves | 0 |
Undivided Earnings | 969,437 |
TOTAL EQUITY | 1,621,947 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,115,215 |
INCOME & EXPENSE | |
Loan Income | 103,654 |
Investment Income | 74,956 |
Other Income | 32,317 |
Total Employee Compensation & Benefits | 94,870 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 104,801 |
Non-operating Income & (Expense) | 26,977 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,793 |
Cost of Funds | 11,738 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 35,288 |
↑ Back to Top |