Mar, 31, 2021 — SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGE CITY, LA with 0 branch location and about $6.25 million in total assets. Opened 60 years ago in 1961, SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION has about 776 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: | 776 |
| 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: | $6,248,018 |
| CEO/Manager: | Fred C Stentz |
| Chairperson: | Scott Boyle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,706,465 |
| TOTAL INVESTMENTS | 2,854,903 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,609 |
| Unsecured Loans | 397,555 |
| Other Loans | 1,375,083 |
| TOTAL LOANS | 1,795,247 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,542 |
| Land And Building | 16,745 |
| Other Fixed Assets | 8,127 |
| NCUSIF Deposit | 43,073 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,248,018 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,307 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,225,171 |
| All Other Shares & Deposits | 2,278,360 |
| TOTAL SHARES & DEPOSITS | 4,503,531 |
| TOTAL LIABILITIES | 4,529,838 |
| Regular Reserve | 214,000 |
| Other Reserves | 190,000 |
| Undivided Earnings | 1,314,180 |
| TOTAL EQUITY | 1,718,180 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,248,018 |
| INCOME & EXPENSE | |
| Loan Income | 46,534 |
| Investment Income | 7,462 |
| Other Income | 303 |
| Total Employee Compensation & Benefits | 31,096 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,688 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 10,412 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,758 |
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