Dec, 31, 2022 — DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, LA with 1 branch location and about $6.14 million in total assets. Opened 62 years ago in 1961, DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION has about 778 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: | 778 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,140,479 |
| CEO/Manager: | Veronica R Perrin |
| Chairperson: | Travis R Puls |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 915,211 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 247,280 |
| Other Loans | 3,230,504 |
| TOTAL LOANS | 3,477,784 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,810 |
| Land And Building | 0 |
| Other Fixed Assets | 202 |
| NCUSIF Deposit | 53,614 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,140,479 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,493 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,189,266 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,189,266 |
| TOTAL LIABILITIES | 5,193,759 |
| Regular Reserve | 0 |
| Other Reserves | 126,820 |
| Undivided Earnings | 819,900 |
| TOTAL EQUITY | 946,720 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,140,479 |
| INCOME & EXPENSE | |
| Loan Income | 120,223 |
| Investment Income | 16,191 |
| Other Income | 2,794 |
| Total Employee Compensation & Benefits | 60,413 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,164 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,462 |
| Cost of Funds | 23,494 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,315 |
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