Dec, 31, 2023 — IBERVILLE FEDERAL CREDIT UNION is a federal credit union headquartered in PLAQUEMINE, LA with 2 branch locations and about $8.11 million in total assets. Opened 66 years ago in 1958, IBERVILLE FEDERAL CREDIT UNION has about 2,060 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: | IBERVILLE FEDERAL CREDIT UNION |
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Address: (Main Office) | 57920 Fort St PLAQUEMINE, LA 70764-3326 |
Phone: | (225) 687-4836 |
Fax: | (225) 687-5361 |
Website: | https://www.ibervillefcu.org |
Branches: | 2 branch locations |
Members: | 2,060 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12356 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,107,929 |
CEO/Manager: | Aleisha Hall |
Chairperson: | Marie H Green |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,861,521 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 341,666 |
Other Loans | 2,350,969 |
TOTAL LOANS | 2,692,635 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,926 |
Land And Building | 51,261 |
Other Fixed Assets | 43,908 |
NCUSIF Deposit | 66,322 |
All Other Assets | 0 |
TOTAL ASSETS | 8,107,929 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 180,081 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 816,763 |
Regular shares | 5,420,470 |
All Other Shares & Deposits | 558,009 |
TOTAL SHARES & DEPOSITS | 6,795,242 |
TOTAL LIABILITIES | 6,975,323 |
Regular Reserve | 0 |
Other Reserves | 251,444 |
Undivided Earnings | 881,162 |
TOTAL EQUITY | 1,132,606 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,107,929 |
INCOME & EXPENSE | |
Loan Income | 220,352 |
Investment Income | 164,529 |
Other Income | 210,971 |
Total Employee Compensation & Benefits | 215,544 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 320,936 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,575 |
Cost of Funds | 12,557 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 167,251 |
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