Sep, 30, 2025 — LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MONROE, LA with 2 branch locations and about $3.78 million in total assets. Opened 65 years ago in 1961, LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION has about 691 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2414 Ferrand St Ste 4 MONROE, LA 71201-3255 |
| Phone: | (318) 342-9722 |
| Fax: | (318) 343-1622 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 691 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14376 |
|---|---|
| Membership Type: | Manufacturing - Machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,775,869 |
| CEO/Manager: | Gloria Salas |
| Chairperson: | Jose' Salas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 445,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 243,990 |
| Other Loans | 2,246,600 |
| TOTAL LOANS | 2,490,590 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,906 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 28,820 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,775,869 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,572 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,151 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,726,330 |
| All Other Shares & Deposits | 1,159,438 |
| TOTAL SHARES & DEPOSITS | 2,885,768 |
| TOTAL LIABILITIES | 2,895,491 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 880,378 |
| TOTAL EQUITY | 880,378 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,775,869 |
| INCOME & EXPENSE | |
| Loan Income | 125,981 |
| Investment Income | 34,567 |
| Other Income | 6,920 |
| Total Employee Compensation & Benefits | 88,857 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 32,294 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -27,605 |
| Cost of Funds | 37,814 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 36,108 |
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