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LOUVAH FEDERAL CREDIT UNION

Jun, 30, 2021 — 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 56 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:http://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

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
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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