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LOUVIERS FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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