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MONROE TELCO FEDERAL CREDIT UNION

Mar, 31, 2021 — MONROE TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in Monroe, LA with 2 branch locations and about $47.70 million in total assets. Opened 85 years ago in 1936, MONROE TELCO FEDERAL CREDIT UNION has about 3,606 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MONROE TELCO FEDERAL CREDIT UNION
Address:
(Main Office)
P. O. Box 4867
Monroe, LA 71211-4867
Phone:(318) 397-4243
Fax:(318) 397-4271
Website:http://www.monroetelcofcu.org
Branches:2 branch locations
Members:3,606
Credit Union Type:Federal Credit Union
Charter Number:1725
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1936
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$47,702,281
CEO/Manager:Crystal G White
Chairperson:Louis ""Bo"" Leporati

Call Report

  • Commercial Loans
  • Credit Builder
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,533,427
TOTAL INVESTMENTS 19,168,821
Loans Held for Sale 0
 
 Real Estate Loans 1,476,327
 Unsecured Loans 1,769,409
 Other Loans 17,018,428
 TOTAL LOANS 20,264,164
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -23,744
 Land And Building 1,156,875
 Other Fixed Assets 64,968
 NCUSIF Deposit 330,372
 All Other Assets 207,398
  TOTAL ASSETS 47,702,281
LIABILITIES & CAPITAL:  
 Dividends Payable 2,448
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 239,710
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,342,665
 Regular shares 28,755,354
 All Other Shares & Deposits 3,940,995
  TOTAL SHARES & DEPOSITS 43,039,014
  TOTAL LIABILITIES 43,281,172
 Regular Reserve 755,372
 Other Reserves -723
 Undivided Earnings 3,666,460
  TOTAL EQUITY 4,421,109
  TOTAL LIABILITIES, SHARES, & EQUITY 47,702,281
INCOME & EXPENSE  
 Loan Income 240,600
 Investment Income 47,923
 Other Income 60,478
 Total Employee Compensation & Benefits 136,268
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 218,499
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -6,966
 Cost of Funds 14,756
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 72,849
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