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 |
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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 |
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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 |
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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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