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DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION

Dec, 31, 2021 — DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, LA with 1 branch location and about $6.30 million in total assets. Opened 61 years ago in 1961, DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION has about 781 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:781
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:$6,295,591
CEO/Manager:Veronica R Perrin
Chairperson:Travis R Puls

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,067,966
TOTAL INVESTMENTS 2,265,872
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 221,104
 Other Loans 2,703,399
 TOTAL LOANS 2,924,503
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,989
 Land And Building 0
 Other Fixed Assets 1,533
 NCUSIF Deposit 50,341
 All Other Assets 6,365
  TOTAL ASSETS 6,295,591
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,802
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,361,384
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 5,361,384
  TOTAL LIABILITIES 5,364,186
 Regular Reserve 126,820
 Other Reserves 0
 Undivided Earnings 804,585
  TOTAL EQUITY 931,405
  TOTAL LIABILITIES, SHARES, & EQUITY 6,295,591
INCOME & EXPENSE  
 Loan Income 140,971
 Investment Income 24,438
 Other Income 4,579
 Total Employee Compensation & Benefits 76,528
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 57,080
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 825
 Cost of Funds 23,332
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,374
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