Dec, 31, 2023 — DISTRICT 62 HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in HAMMOND, LA with 1 branch location and about $6.21 million in total assets. Opened 63 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,209,594 |
| CEO/Manager: | Veronica R Perrin |
| Chairperson: | KAREN B HOYT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,065,843 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 209,402 |
| Other Loans | 3,232,270 |
| TOTAL LOANS | 3,441,672 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,357 |
| Land And Building | 0 |
| Other Fixed Assets | 712 |
| NCUSIF Deposit | 52,708 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,209,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,063 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,241,256 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,241,256 |
| TOTAL LIABILITIES | 5,245,319 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 964,275 |
| TOTAL EQUITY | 964,275 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,209,594 |
| INCOME & EXPENSE | |
| Loan Income | 185,967 |
| Investment Income | 33,819 |
| Other Income | 4,290 |
| Total Employee Compensation & Benefits | 89,190 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 64,162 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,178 |
| Cost of Funds | 62,190 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,737 |
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