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LOUISIANA FEDERAL CREDIT UNION

Dec, 31, 2023 — LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in LA PLACE, LA with 4 branch locations and about $397.19 million in total assets. Opened 89 years ago in 1935, LOUISIANA FEDERAL CREDIT UNION has about 36,170 members and employs 126 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265476411
Name:LOUISIANA FEDERAL CREDIT UNION
Address:
(Main Office)
805 Robin St
LA PLACE, LA 70068-4903
Phone:(985) 652-4990
Fax:(985) 651-8001
Website:https://www.louisianafcu.org
Branches:4 branch locations
Members:36,170
Credit Union Type:Federal Credit Union
Charter Number:174
Membership Type:Multiple common bond - Primarily petroleum refining
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$397,194,535
CEO/Manager:Rhonda D Hotard
Chairperson:Greg Maurin

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,118,910
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 119,068,842
 Unsecured Loans 59,108,890
 Other Loans 143,416,549
 TOTAL LOANS 321,707,134
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,728,930
 Land And Building 7,648,816
 Other Fixed Assets 1,929,058
 NCUSIF Deposit 3,454,861
 All Other Assets 891,068
  TOTAL ASSETS 397,194,535
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,138,531
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 70,318,058
 Regular shares 158,717,007
 All Other Shares & Deposits 108,713,013
  TOTAL SHARES & DEPOSITS 337,748,078
  TOTAL LIABILITIES 344,886,609
 Regular Reserve 0
 Other Reserves 4,908,980
 Undivided Earnings 47,398,946
  TOTAL EQUITY 52,307,926
  TOTAL LIABILITIES, SHARES, & EQUITY 397,194,535
INCOME & EXPENSE  
 Loan Income 18,409,046
 Investment Income 2,056,904
 Other Income 6,192,568
 Total Employee Compensation & Benefits 10,499,717
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,715,036
 Non-operating Income & (Expense) 55,560
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,842,416
 Cost of Funds 2,492,278
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,136,498
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