Dec, 31, 2020 — A L E C FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $8.31 million in total assets. Opened 53 years ago in 1968, A L E C FEDERAL CREDIT UNION has about 878 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: | 878 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,310,936 |
| CEO/Manager: | ROBIN PLUNKET |
| Chairperson: | MICHAEL J HEINEN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 896,319 |
| TOTAL INVESTMENTS | 5,674,086 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 913,173 |
| Other Loans | 837,090 |
| TOTAL LOANS | 1,750,263 |
| (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 | 60,456 |
| All Other Assets | 14,723 |
| TOTAL ASSETS | 8,310,936 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,737 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,420,576 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,420,576 |
| TOTAL LIABILITIES | 6,445,313 |
| Regular Reserve | 397,081 |
| Other Reserves | 0 |
| Undivided Earnings | 1,468,542 |
| TOTAL EQUITY | 1,865,623 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,310,936 |
| INCOME & EXPENSE | |
| Loan Income | 149,275 |
| Investment Income | 123,781 |
| Other Income | 563 |
| Total Employee Compensation & Benefits | 149,124 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 72,459 |
| Non-operating Income & (Expense) | 600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
| Cost of Funds | 24,167 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,469 |
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