Dec, 31, 2020 — JAMES WARD, JR. FEDERAL CREDIT UNION is a federal credit union headquartered in JENNINGS, LA with 1 branch location and about $2.07 million in total assets. Opened 60 years ago in 1961, JAMES WARD, JR. FEDERAL CREDIT UNION has about 464 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: | 464 |
| 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: | Sep 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,065,999 |
| CEO/Manager: | LINDA WILLIAMS |
| Chairperson: | RAYMOND SEGURA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 491,436 |
| TOTAL INVESTMENTS | 487,014 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 43,586 |
| Unsecured Loans | 384,606 |
| Other Loans | 614,595 |
| TOTAL LOANS | 1,042,787 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,400 |
| Land And Building | 20,362 |
| Other Fixed Assets | 13,415 |
| NCUSIF Deposit | 14,270 |
| All Other Assets | 3,115 |
| TOTAL ASSETS | 2,065,999 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,026 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,446,163 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,446,163 |
| TOTAL LIABILITIES | 1,456,189 |
| Regular Reserve | 274,489 |
| Other Reserves | 0 |
| Undivided Earnings | 335,321 |
| TOTAL EQUITY | 609,810 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,065,999 |
| INCOME & EXPENSE | |
| Loan Income | 83,680 |
| Investment Income | 7,891 |
| Other Income | 13,068 |
| Total Employee Compensation & Benefits | 29,802 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,062 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,283 |
| Cost of Funds | 5,497 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,995 |
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