Sep, 30, 2025 — LOUVIERS FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 4 branch locations and about $220.28 million in total assets. Opened 58 years ago in 1968, LOUVIERS FEDERAL CREDIT UNION has about 16,594 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUVIERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 185 S Main St NEWARK, DE 19711 |
| Phone: | (302) 733-0426 |
| Fax: | (302) 731-2460 |
| Website: | https://www.louviers.com |
| Branches: | 4 branch locations |
| Members: | 16,594 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18765 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $220,275,194 |
| CEO/Manager: | Christopher J Davis |
| Chairperson: | Cheryl Chilcutt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,156,921 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,386,615 |
| Unsecured Loans | 5,065,371 |
| Other Loans | 18,265,776 |
| TOTAL LOANS | 57,717,762 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -249,195 |
| Land And Building | 5,902,009 |
| Other Fixed Assets | 708,863 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,973,439 |
| All Other Assets | 0 |
| TOTAL ASSETS | 220,275,194 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 936,721 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,997,814 |
| Regular shares | 136,864,590 |
| All Other Shares & Deposits | 27,624,018 |
| TOTAL SHARES & DEPOSITS | 201,486,422 |
| TOTAL LIABILITIES | 202,423,143 |
| Regular Reserve | 0 |
| Other Reserves | -13,771,998 |
| Undivided Earnings | 31,624,049 |
| TOTAL EQUITY | 17,852,051 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 220,275,194 |
| INCOME & EXPENSE | |
| Loan Income | 2,242,517 |
| Investment Income | 2,602,539 |
| Other Income | 315,810 |
| Total Employee Compensation & Benefits | 1,785,278 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,999,760 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 154,500 |
| Cost of Funds | 576,766 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 120,289 |
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