Mar, 31, 2021 — LOUVIERS FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, DE with 4 branch locations and about $298.13 million in total assets. Opened 53 years ago in 1968, LOUVIERS FEDERAL CREDIT UNION has about 18,276 members and employs 26 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: | 18,276 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $298,134,833 |
| CEO/Manager: | Christopher J Davis |
| Chairperson: | Cheryl Chilcutt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,634,816 |
| TOTAL INVESTMENTS | 226,556,269 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,916,748 |
| Unsecured Loans | 5,027,030 |
| Other Loans | 7,216,615 |
| TOTAL LOANS | 47,160,393 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -303,506 |
| Land And Building | 6,437,550 |
| Other Fixed Assets | 441,221 |
| NCUSIF Deposit | 2,243,857 |
| All Other Assets | 964,233 |
| TOTAL ASSETS | 298,134,833 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 833,939 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,501,691 |
| Regular shares | 172,868,752 |
| All Other Shares & Deposits | 47,438,293 |
| TOTAL SHARES & DEPOSITS | 263,808,736 |
| TOTAL LIABILITIES | 264,642,675 |
| Regular Reserve | 3,978,665 |
| Other Reserves | 6,360,953 |
| Undivided Earnings | 23,152,540 |
| TOTAL EQUITY | 33,492,158 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 298,134,833 |
| INCOME & EXPENSE | |
| Loan Income | 528,127 |
| Investment Income | 677,924 |
| Other Income | 210,064 |
| Total Employee Compensation & Benefits | 457,869 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 834,352 |
| Non-operating Income & (Expense) | 1,131 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 235,065 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -49,493 |
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