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A L E C FEDERAL CREDIT UNION

Mar, 31, 2022 — A L E C FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $8.10 million in total assets. Opened 54 years ago in 1968, A L E C FEDERAL CREDIT UNION has about 848 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:A L E C FEDERAL CREDIT UNION
Address:
(Main Office)
10725 Airline Hwy
BATON ROUGE, LA 70816
Phone:(225) 293-3450
Fax:(225) 293-3467
Website:http://www.alecfcu.com
Branches:1 branch locations
Members:848
Credit Union Type:Federal Credit Union
Charter Number:19131
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1968
Last Audited:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$8,096,326
CEO/Manager:ROBIN PLUNKET
Chairperson:JOE L LEE

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 736,456
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,108,195
 Other Loans 741,220
 TOTAL LOANS 1,849,415
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -84,919
 Land And Building 0
 Other Fixed Assets 8
 NCUSIF Deposit 63,324
 All Other Assets 0
  TOTAL ASSETS 8,096,326
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 27,430
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,263,022
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,263,022
  TOTAL LIABILITIES 6,290,452
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,805,874
  TOTAL EQUITY 1,805,874
  TOTAL LIABILITIES, SHARES, & EQUITY 8,096,326
INCOME & EXPENSE  
 Loan Income 32,025
 Investment Income 8,940
 Other Income 78
 Total Employee Compensation & Benefits 34,970
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,954
 Non-operating Income & (Expense) 22,805
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,819
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,105
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