Dec, 31, 2021 — IBERVILLE FEDERAL CREDIT UNION is a federal credit union headquartered in PLAQUEMINE, LA with 1 branch location and about $8.15 million in total assets. Opened 64 years ago in 1958, IBERVILLE FEDERAL CREDIT UNION has about 2,172 members and employs 4 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 |
|---|---|
| Address: (Main Office) | 57920 Fort St PLAQUEMINE, LA 70764-3326 |
| Phone: | (225) 687-4836 |
| Fax: | (225) 687-5361 |
| Website: | http://www.ibervillefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,172 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12356 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,148,835 |
| CEO/Manager: | Aleisha Hall |
| Chairperson: | Marie H Green |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,474,636 |
| TOTAL INVESTMENTS | 2,331,623 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 231,231 |
| Other Loans | 1,944,210 |
| TOTAL LOANS | 2,175,441 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,764 |
| Land And Building | 52,541 |
| Other Fixed Assets | 48,354 |
| NCUSIF Deposit | 64,572 |
| All Other Assets | 25,432 |
| TOTAL ASSETS | 8,148,835 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 86,532 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 992,731 |
| Regular shares | 5,363,299 |
| All Other Shares & Deposits | 806,080 |
| TOTAL SHARES & DEPOSITS | 7,162,110 |
| TOTAL LIABILITIES | 7,248,642 |
| Regular Reserve | 251,443 |
| Other Reserves | 0 |
| Undivided Earnings | 648,750 |
| TOTAL EQUITY | 900,193 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,148,835 |
| INCOME & EXPENSE | |
| Loan Income | 182,852 |
| Investment Income | 8,934 |
| Other Income | 157,192 |
| Total Employee Compensation & Benefits | 197,683 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 287,396 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,040 |
| Cost of Funds | 12,131 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -21,403 |
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