Dec, 31, 2023 — LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MONROE, LA with 2 branch locations and about $4.04 million in total assets. Opened 63 years ago in 1961, LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION has about 703 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 |
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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: | 703 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14376 |
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Membership Type: | Manufacturing - Machinery |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,044,847 |
CEO/Manager: | Gloria Salas |
Chairperson: | Jose' Salas |
ASSETS: | $ Amount |
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Cash & Equivalents | 379,876 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 191,033 |
Other Loans | 2,934,948 |
TOTAL LOANS | 3,125,981 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,481 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 35,321 |
All Other Assets | 0 |
TOTAL ASSETS | 4,044,847 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,759 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,506 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,918,089 |
All Other Shares & Deposits | 1,274,354 |
TOTAL SHARES & DEPOSITS | 3,192,443 |
TOTAL LIABILITIES | 3,202,708 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 842,139 |
TOTAL EQUITY | 842,139 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,044,847 |
INCOME & EXPENSE | |
Loan Income | 172,759 |
Investment Income | 21,603 |
Other Income | 6,809 |
Total Employee Compensation & Benefits | 118,646 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 45,497 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,430 |
Cost of Funds | 27,300 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,161 |
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» See also Statement of Financial Condition