Dec, 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 $7.79 million in total assets. Opened 55 years ago in 1968, A L E C FEDERAL CREDIT UNION has about 824 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: | https://www.alecfcu.com |
| Branches: | 1 branch locations |
| Members: | 824 |
| 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: | $7,786,327 |
| CEO/Manager: | ROBIN PLUNKET |
| Chairperson: | JOE L LEE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 568,561 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,040,966 |
| Other Loans | 709,632 |
| TOTAL LOANS | 1,750,598 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,747 |
| Land And Building | 0 |
| Other Fixed Assets | 8 |
| NCUSIF Deposit | 64,329 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,786,327 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,830 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,954,205 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,954,205 |
| TOTAL LIABILITIES | 5,980,035 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,806,292 |
| TOTAL EQUITY | 1,806,292 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,786,327 |
| INCOME & EXPENSE | |
| Loan Income | 96,460 |
| Investment Income | 46,258 |
| Other Income | 460 |
| Total Employee Compensation & Benefits | 106,094 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,864 |
| Non-operating Income & (Expense) | 31,728 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 5,425 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,523 |
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