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 |
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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 |
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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 |
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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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