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LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MONROE, LA with 2 branch locations and about $4.20 million in total assets. Opened 61 years ago in 1961, LOUISIANA MACHINERY EMPLOYEES FEDERAL CREDIT UNION has about 720 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: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:720
Credit Union Type:Federal Credit Union
Charter Number:14376
Membership Type:Manufacturing - Machinery
Corporate Credit Union:No
Year Opened:1961
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$4,197,477
CEO/Manager:Gloria Salas
Chairperson:Jose' Salas

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 552,915
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 254,384
 Other Loans 2,900,048
 TOTAL LOANS 3,154,432
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,855
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 40,462
 All Other Assets 0
  TOTAL ASSETS 4,197,477
LIABILITIES & CAPITAL:  
 Dividends Payable 1,572
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,672
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,245,572
 All Other Shares & Deposits 1,173,869
  TOTAL SHARES & DEPOSITS 3,419,441
  TOTAL LIABILITIES 3,426,685
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 770,792
  TOTAL EQUITY 770,792
  TOTAL LIABILITIES, SHARES, & EQUITY 4,197,477
INCOME & EXPENSE  
 Loan Income 42,340
 Investment Income 1,225
 Other Income 2,031
 Total Employee Compensation & Benefits 24,911
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,214
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 743
 Cost of Funds 2,486
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,266
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