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DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION

Jun, 30, 2021 — DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, LA with 1 branch location and about $6.09 million in total assets. Opened 60 years ago in 1961, DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION has about 785 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: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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,088,525
CEO/Manager:Veronica R Perrin
Chairperson:Travis R Puls

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,420,424
TOTAL INVESTMENTS 1,717,872
Loans Held for Sale 0
 
 Real Estate Loans 4,451
 Unsecured Loans 211,258
 Other Loans 2,695,383
 TOTAL LOANS 2,911,092
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,683
 Land And Building 0
 Other Fixed Assets 2,419
 NCUSIF Deposit 50,341
 All Other Assets 7,060
  TOTAL ASSETS 6,088,525
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,222
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,163,586
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,163,586
  TOTAL LIABILITIES 5,165,808
 Regular Reserve 126,820
 Other Reserves 0
 Undivided Earnings 795,897
  TOTAL EQUITY 922,717
  TOTAL LIABILITIES, SHARES, & EQUITY 6,088,525
INCOME & EXPENSE  
 Loan Income 64,753
 Investment Income 13,185
 Other Income 1,905
 Total Employee Compensation & Benefits 36,502
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,418
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 719
 Cost of Funds 11,321
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,686
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