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SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION

Jun, 30, 2021 — SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGE CITY, LA with 0 branch location and about $6.27 million in total assets. Opened 60 years ago in 1961, SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION has about 771 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:SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION
Address:
(Main Office)
1440 HIGHWAY 90 W
BRIDGE CITY, LA 70094-3566
Phone:(504) 437-3146
Fax:(504) 437-3145
Website:n/a
Branches:0 branch locations
Members:771
Credit Union Type:Federal Credit Union
Charter Number:14421
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1961
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,266,763
CEO/Manager:Fred C Stentz
Chairperson:Scott Boyle

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,723,001
TOTAL INVESTMENTS 2,902,903
Loans Held for Sale 0
 
 Real Estate Loans 3,920
 Unsecured Loans 368,637
 Other Loans 1,359,873
 TOTAL LOANS 1,732,430
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -158,399
 Land And Building 15,516
 Other Fixed Assets 8,239
 NCUSIF Deposit 43,073
 All Other Assets 0
  TOTAL ASSETS 6,266,763
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,727
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,261,863
 All Other Shares & Deposits 2,275,812
  TOTAL SHARES & DEPOSITS 4,537,675
  TOTAL LIABILITIES 4,553,402
 Regular Reserve 214,000
 Other Reserves 190,000
 Undivided Earnings 1,309,361
  TOTAL EQUITY 1,713,361
  TOTAL LIABILITIES, SHARES, & EQUITY 6,266,763
INCOME & EXPENSE  
 Loan Income 88,901
 Investment Income 10,840
 Other Income 954
 Total Employee Compensation & Benefits 55,226
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,810
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,800
 Cost of Funds 20,467
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,578
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