Dec, 31, 2021 — A L E C FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $8.28 million in total assets. Opened 54 years ago in 1968, A L E C FEDERAL CREDIT UNION has about 860 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: | 860 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,277,209 |
| CEO/Manager: | ROBIN PLUNKET |
| Chairperson: | JOE L LEE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 748,419 |
| TOTAL INVESTMENTS | 5,710,086 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,170,902 |
| Other Loans | 657,436 |
| TOTAL LOANS | 1,828,338 |
| (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 | 11,953 |
| TOTAL ASSETS | 8,277,209 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,707 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,456,733 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,456,733 |
| TOTAL LIABILITIES | 6,482,440 |
| Regular Reserve | 397,081 |
| Other Reserves | 0 |
| Undivided Earnings | 1,397,688 |
| TOTAL EQUITY | 1,794,769 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,277,209 |
| INCOME & EXPENSE | |
| Loan Income | 132,472 |
| Investment Income | 54,696 |
| Other Income | 244 |
| Total Employee Compensation & Benefits | 142,337 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 65,048 |
| Non-operating Income & (Expense) | -40,850 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,031 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -70,854 |
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