Sep, 30, 2025 — MORGAN CITY FEDERAL CREDIT UNION is a federal credit union headquartered in MORGAN CITY, LA with 1 branch location and about $5.07 million in total assets. Opened 64 years ago in 1962, MORGAN CITY FEDERAL CREDIT UNION has about 881 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MORGAN CITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1205 VICTOR II BLVD MORGAN CITY, LA 70380 |
| Phone: | (985) 380-4722 |
| Fax: | (985) 385-9968 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 881 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15009 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,067,702 |
| CEO/Manager: | COREY FRYER |
| Chairperson: | CLAYTON CANTY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 365,956 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 340,620 |
| Other Loans | 2,786,846 |
| TOTAL LOANS | 3,127,466 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,278 |
| Land And Building | 245,606 |
| Other Fixed Assets | 14,008 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 42,634 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,067,702 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,522 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,932 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,264,652 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,264,651 |
| TOTAL LIABILITIES | 4,275,105 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 792,597 |
| TOTAL EQUITY | 792,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,067,702 |
| INCOME & EXPENSE | |
| Loan Income | 157,815 |
| Investment Income | 15,667 |
| Other Income | 3,990 |
| Total Employee Compensation & Benefits | 91,841 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 50,229 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,595 |
| Cost of Funds | 16,727 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,790 |
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