Dec, 31, 2021 — LOUVIERS FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 4 branch locations and about $305.26 million in total assets. Opened 54 years ago in 1968, LOUVIERS FEDERAL CREDIT UNION has about 17,861 members and employs 28 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: | http://www.louviers.com |
| Branches: | 4 branch locations |
| Members: | 17,861 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $305,262,666 |
| CEO/Manager: | Christopher J Davis |
| Chairperson: | Cheryl Chilcutt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,250,139 |
| TOTAL INVESTMENTS | 213,512,728 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 41,082,955 |
| Unsecured Loans | 4,582,111 |
| Other Loans | 6,406,253 |
| TOTAL LOANS | 52,071,319 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -245,520 |
| Land And Building | 6,934,254 |
| Other Fixed Assets | 375,694 |
| NCUSIF Deposit | 2,395,695 |
| All Other Assets | 968,357 |
| TOTAL ASSETS | 305,262,666 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 910,225 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,073,430 |
| Regular shares | 179,034,432 |
| All Other Shares & Deposits | 46,660,320 |
| TOTAL SHARES & DEPOSITS | 271,768,182 |
| TOTAL LIABILITIES | 272,678,407 |
| Regular Reserve | 3,978,665 |
| Other Reserves | 4,937,507 |
| Undivided Earnings | 23,668,087 |
| TOTAL EQUITY | 32,584,259 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 305,262,666 |
| INCOME & EXPENSE | |
| Loan Income | 2,084,170 |
| Investment Income | 2,926,924 |
| Other Income | 912,523 |
| Total Employee Compensation & Benefits | 1,812,675 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,558,490 |
| Non-operating Income & (Expense) | 9,576 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,700 |
| Cost of Funds | 845,696 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 466,055 |
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