Dec, 31, 2023 — LOUVIERS FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 4 branch locations and about $245.54 million in total assets. Opened 56 years ago in 1968, LOUVIERS FEDERAL CREDIT UNION has about 17,231 members and employs 33 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: | https://www.louviers.com |
Branches: | 4 branch locations |
Members: | 17,231 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $245,542,663 |
CEO/Manager: | Christopher J Davis |
Chairperson: | Cheryl Chilcutt |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,229,282 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 37,622,001 |
Unsecured Loans | 5,332,572 |
Other Loans | 14,286,875 |
TOTAL LOANS | 57,241,448 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,398 |
Land And Building | 6,118,355 |
Other Fixed Assets | 778,121 |
NCUSIF Deposit | 2,376,483 |
All Other Assets | 0 |
TOTAL ASSETS | 245,542,663 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,026,427 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 39,366,593 |
Regular shares | 152,694,964 |
All Other Shares & Deposits | 43,895,920 |
TOTAL SHARES & DEPOSITS | 235,957,476 |
TOTAL LIABILITIES | 236,983,903 |
Regular Reserve | 0 |
Other Reserves | -22,503,473 |
Undivided Earnings | 31,062,233 |
TOTAL EQUITY | 8,558,760 |
TOTAL LIABILITIES, SHARES, & EQUITY | 245,542,663 |
INCOME & EXPENSE | |
Loan Income | 2,571,038 |
Investment Income | 4,586,459 |
Other Income | 476,614 |
Total Employee Compensation & Benefits | 2,141,748 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,819,511 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,500 |
Cost of Funds | 928,703 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,252,331 |
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