Dec, 31, 2020 — SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGE CITY, LA with 0 branch location and about $6.05 million in total assets. Opened 60 years ago in 1961, SOUTH LOUISIANA HIGHWAY FEDERAL CREDIT UNION has about 772 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: | 772 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14421 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Aug 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,047,557 |
| CEO/Manager: | Fred C Stentz |
| Chairperson: | Scott Boyle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,553,760 |
| TOTAL INVESTMENTS | 2,706,903 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,084 |
| Unsecured Loans | 420,203 |
| Other Loans | 1,445,026 |
| TOTAL LOANS | 1,896,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -177,445 |
| Land And Building | 17,976 |
| Other Fixed Assets | 8,667 |
| NCUSIF Deposit | 41,383 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,047,557 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,268 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,101,200 |
| All Other Shares & Deposits | 2,206,151 |
| TOTAL SHARES & DEPOSITS | 4,307,351 |
| TOTAL LIABILITIES | 4,325,619 |
| Regular Reserve | 214,000 |
| Other Reserves | 190,000 |
| Undivided Earnings | 1,317,938 |
| TOTAL EQUITY | 1,721,938 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,047,557 |
| INCOME & EXPENSE | |
| Loan Income | 193,795 |
| Investment Income | 63,286 |
| Other Income | 20,545 |
| Total Employee Compensation & Benefits | 110,619 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 55,789 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,600 |
| Cost of Funds | 50,943 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 37,675 |
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