Dec, 31, 2023 — UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 2 branch locations and about $57.17 million in total assets. Opened 66 years ago in 1958, UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION has about 6,554 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION |
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Address: (Main Office) | 805 Bertrand Dr LAFAYETTE, LA 70506 |
Phone: | (337) 482-6956 |
Fax: | (337) 537-8222 |
Website: | https://ulfcu.com |
Branches: | 2 branch locations |
Members: | 6,554 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12570 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $57,166,125 |
CEO/Manager: | Monica F Declouet |
Chairperson: | William J Crist |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,467,180 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,415,497 |
Unsecured Loans | 4,880,133 |
Other Loans | 13,685,154 |
TOTAL LOANS | 38,246,015 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -707,132 |
Land And Building | 3,638,716 |
Other Fixed Assets | 600,300 |
NCUSIF Deposit | 507,558 |
All Other Assets | 0 |
TOTAL ASSETS | 57,166,125 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 203,577 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,716,055 |
Regular shares | 17,480,096 |
All Other Shares & Deposits | 26,930,260 |
TOTAL SHARES & DEPOSITS | 52,126,411 |
TOTAL LIABILITIES | 52,329,988 |
Regular Reserve | 0 |
Other Reserves | -1,833,589 |
Undivided Earnings | 6,669,726 |
TOTAL EQUITY | 4,836,137 |
TOTAL LIABILITIES, SHARES, & EQUITY | 57,166,125 |
INCOME & EXPENSE | |
Loan Income | 1,937,628 |
Investment Income | 587,658 |
Other Income | 648,713 |
Total Employee Compensation & Benefits | 1,205,449 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,659,782 |
Non-operating Income & (Expense) | 100,448 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 419,335 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 117,233 |
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