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National Credit Union Service Organization

DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION

Mar, 31, 2022 — DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, LA with 1 branch location and about $6.12 million in total assets. Opened 61 years ago in 1961, DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION has about 785 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION
Address:
(Main Office)
685 N MORRISON BLVD
HAMMOND, LA 70401-2309
Phone:(985) 375-0146
Fax:(985) 375-0239
Website:n/a
Branches:1 branch locations
Members:785
Credit Union Type:Federal Credit Union
Charter Number:14375
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1961
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,118,141
CEO/Manager:Veronica R Perrin
Chairperson:Travis R Puls

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 628,442
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 222,225
 Other Loans 2,987,455
 TOTAL LOANS 3,209,680
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,138
 Land And Building 0
 Other Fixed Assets 1,089
 NCUSIF Deposit 50,341
 All Other Assets 0
  TOTAL ASSETS 6,118,141
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,592
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,178,879
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,178,879
  TOTAL LIABILITIES 5,181,471
 Regular Reserve 0
 Other Reserves 126,820
 Undivided Earnings 809,850
  TOTAL EQUITY 936,670
  TOTAL LIABILITIES, SHARES, & EQUITY 6,118,141
INCOME & EXPENSE  
 Loan Income 36,668
 Investment Income 5,298
 Other Income 700
 Total Employee Compensation & Benefits 19,812
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,788
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,029
 Cost of Funds 5,780
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,265
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