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LOUISIANA FEDERAL CREDIT UNION

Mar, 31, 2021 — LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in Laplace, LA with 5 branch locations and about $394.65 million in total assets. Opened 86 years ago in 1935, LOUISIANA FEDERAL CREDIT UNION has about 33,888 members and employs 106 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 Street
Laplace, LA 70068
Phone:(985) 652-4990
Fax:(985) 651-8001
Website:http://www.louisianafcu.org
Branches:5 branch locations
Members:33,888
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$394,650,055
CEO/Manager:Rhonda D Hotard
Chairperson:Greg Maurin

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • In-School Branches

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 96,494,261
TOTAL INVESTMENTS 41,219,169
Loans Held for Sale 0
 
 Real Estate Loans 76,505,624
 Unsecured Loans 39,201,026
 Other Loans 124,607,857
 TOTAL LOANS 240,400,975
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,684,557
 Land And Building 7,384,322
 Other Fixed Assets 1,108,358
 NCUSIF Deposit 2,897,182
 All Other Assets 6,830,345
  TOTAL ASSETS 394,650,055
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,011,721
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 70,177,979
 Regular shares 169,845,417
 All Other Shares & Deposits 106,366,501
  TOTAL SHARES & DEPOSITS 346,389,897
  TOTAL LIABILITIES 354,401,618
 Regular Reserve 1,927,051
 Other Reserves 5,853,114
 Undivided Earnings 32,468,272
  TOTAL EQUITY 40,248,437
  TOTAL LIABILITIES, SHARES, & EQUITY 394,650,055
INCOME & EXPENSE  
 Loan Income 3,150,833
 Investment Income 68,998
 Other Income 1,047,355
 Total Employee Compensation & Benefits 2,069,373
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,803,715
 Non-operating Income & (Expense) 100
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -848,178
 Cost of Funds 408,454
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,756,712
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