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JAMES WARD, JR. FEDERAL CREDIT UNION

Jun, 30, 2021 — JAMES WARD, JR. FEDERAL CREDIT UNION is a federal credit union headquartered in JENNINGS, LA with 1 branch location and about $2.10 million in total assets. Opened 60 years ago in 1961, JAMES WARD, JR. FEDERAL CREDIT UNION has about 470 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:JAMES WARD, JR. FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 1082
JENNINGS, LA 70546-6429
Phone:(337) 824-5812
Fax:(337) 824-5810
Website:n/a
Branches:1 branch locations
Members:470
Credit Union Type:Federal Credit Union
Charter Number:14537
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,096,214
CEO/Manager:LINDA WILLIAMS
Chairperson:RAYMOND SEGURA

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 709,075
TOTAL INVESTMENTS 454,625
Loans Held for Sale 0
 
 Real Estate Loans 41,180
 Unsecured Loans 316,531
 Other Loans 527,593
 TOTAL LOANS 885,304
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,328
 Land And Building 20,362
 Other Fixed Assets 10,643
 NCUSIF Deposit 14,462
 All Other Assets 7,071
  TOTAL ASSETS 2,096,214
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,235
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,482,640
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,482,640
  TOTAL LIABILITIES 1,492,875
 Regular Reserve 274,489
 Other Reserves 0
 Undivided Earnings 328,850
  TOTAL EQUITY 603,339
  TOTAL LIABILITIES, SHARES, & EQUITY 2,096,214
INCOME & EXPENSE  
 Loan Income 37,010
 Investment Income 2,824
 Other Income 6,397
 Total Employee Compensation & Benefits 19,108
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,743
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,000
 Cost of Funds 2,852
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -6,472
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