Dec, 31, 2022 — LOUVIERS FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 4 branch locations and about $279.99 million in total assets. Opened 55 years ago in 1968, LOUVIERS FEDERAL CREDIT UNION has about 17,609 members and employs 32 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: | 17,609 |
| 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: | $279,991,215 |
| CEO/Manager: | Christopher J Davis |
| Chairperson: | Cheryl Chilcutt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,126,646 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,633,070 |
| Unsecured Loans | 4,350,241 |
| Other Loans | 7,323,910 |
| TOTAL LOANS | 52,307,221 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -234,118 |
| Land And Building | 6,277,172 |
| Other Fixed Assets | 904,855 |
| NCUSIF Deposit | 2,415,814 |
| All Other Assets | 0 |
| TOTAL ASSETS | 279,991,215 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 461,097 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,923,364 |
| Regular shares | 185,153,551 |
| All Other Shares & Deposits | 43,426,759 |
| TOTAL SHARES & DEPOSITS | 272,503,674 |
| TOTAL LIABILITIES | 272,964,771 |
| Regular Reserve | 0 |
| Other Reserves | -18,298,485 |
| Undivided Earnings | 25,324,929 |
| TOTAL EQUITY | 7,026,444 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 279,991,215 |
| INCOME & EXPENSE | |
| Loan Income | 1,628,682 |
| Investment Income | 2,858,674 |
| Other Income | 334,627 |
| Total Employee Compensation & Benefits | 693,072 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,646,921 |
| Non-operating Income & (Expense) | 6,587 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,100 |
| Cost of Funds | 492,627 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,656,941 |
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