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MONROE TELCO FEDERAL CREDIT UNION

Jun, 30, 2021 — MONROE TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in Monroe, LA with 2 branch locations and about $49.21 million in total assets. Opened 85 years ago in 1936, MONROE TELCO FEDERAL CREDIT UNION has about 3,611 members and employs 14 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:3,611
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:$49,206,561
CEO/Manager:Crystal G White
Chairperson:Louis ""Bo"" Leporati

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,761,430
TOTAL INVESTMENTS 22,152,744
Loans Held for Sale 0
 
 Real Estate Loans 1,501,788
 Unsecured Loans 1,763,212
 Other Loans 18,227,968
 TOTAL LOANS 21,492,968
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,232
 Land And Building 1,145,565
 Other Fixed Assets 56,115
 NCUSIF Deposit 385,636
 All Other Assets 239,335
  TOTAL ASSETS 49,206,561
LIABILITIES & CAPITAL:  
 Dividends Payable 2,898
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 224,976
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,717,056
 Regular shares 30,855,680
 All Other Shares & Deposits 3,891,007
  TOTAL SHARES & DEPOSITS 44,463,743
  TOTAL LIABILITIES 44,691,617
 Regular Reserve 755,372
 Other Reserves -741
 Undivided Earnings 3,760,313
  TOTAL EQUITY 4,514,944
  TOTAL LIABILITIES, SHARES, & EQUITY 49,206,561
INCOME & EXPENSE  
 Loan Income 484,669
 Investment Income 80,062
 Other Income 118,077
 Total Employee Compensation & Benefits 281,647
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 448,222
 Non-operating Income & (Expense) -275
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,564
 Cost of Funds 30,902
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 166,702
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