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DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION

Mar, 31, 2021 — DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, LA with 1 branch location and about $5.98 million in total assets. Opened 60 years ago in 1961, DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION has about 788 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: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:788
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,975,142
CEO/Manager:Veronica R Perrin
Chairperson:Travis R Puls

Call Report

  • Credit Builder
  • Risk Based Loans
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,309,163
TOTAL INVESTMENTS 1,792,872
Loans Held for Sale 0
 
 Real Estate Loans 7,674
 Unsecured Loans 186,742
 Other Loans 2,634,773
 TOTAL LOANS 2,829,189
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,040
 Land And Building 0
 Other Fixed Assets 2,862
 NCUSIF Deposit 50,341
 All Other Assets 10,755
  TOTAL ASSETS 5,975,142
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,957
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,055,235
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,055,235
  TOTAL LIABILITIES 5,057,192
 Regular Reserve 126,820
 Other Reserves 0
 Undivided Earnings 791,130
  TOTAL EQUITY 917,950
  TOTAL LIABILITIES, SHARES, & EQUITY 5,975,142
INCOME & EXPENSE  
 Loan Income 31,544
 Investment Income 7,767
 Other Income 386
 Total Employee Compensation & Benefits 16,292
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,270
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 196
 Cost of Funds 5,555
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,919
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