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 |
| 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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