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 |
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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 |
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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 |
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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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