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SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION

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

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
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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