LOUVAH FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://va.gov for more information.
Jun, 30, 2024 — LOUVAH FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 1 branch location and about $2.51 million in total assets. Opened 60 years ago in 1965, LOUVAH FEDERAL CREDIT UNION has about 1,117 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUVAH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | VA MEDICAL CENTER, 800 ZORN AVE LOUISVILLE, KY 40206 |
| Phone: | (502) 287-6282 |
| Fax: | (502) 287-6923 |
| Website: | https://va.gov |
| Branches: | 1 branch locations |
| Members: | 1,117 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16820 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2018 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,513,293 |
| CEO/Manager: | Raymond Springsteen |
| Chairperson: | Troy Colon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 469,839 |
| TOTAL INVESTMENTS | 463,500 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 54,074 |
| Unsecured Loans | 456,529 |
| Other Loans | 1,012,093 |
| TOTAL LOANS | 1,522,696 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -213,570 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 32,004 |
| All Other Assets | 238,824 |
| TOTAL ASSETS | 2,513,293 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 407 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -902 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,697,290 |
| All Other Shares & Deposits | 108,928 |
| TOTAL SHARES & DEPOSITS | 2,806,218 |
| TOTAL LIABILITIES | 2,805,723 |
| Regular Reserve | 96,164 |
| Other Reserves | 0 |
| Undivided Earnings | -388,594 |
| TOTAL EQUITY | -292,430 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,513,293 |
| INCOME & EXPENSE | |
| Loan Income | 97,757 |
| Investment Income | 7,064 |
| Other Income | 6,994 |
| Total Employee Compensation & Benefits | 206 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 172,935 |
| Non-operating Income & (Expense) | 7,222 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 496,847 |
| Cost of Funds | 6,227 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -557,178 |
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