Jun, 30, 2024 — ACADIANA MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 1 branch location and about $14.55 million in total assets. Opened 56 years ago in 1969, ACADIANA MEDICAL FEDERAL CREDIT UNION has about 1,589 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACADIANA MEDICAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 702 Saint Landry St LAFAYETTE, LA 70506 |
| Phone: | (337) 289-2740 |
| Fax: | (337) 289-4744 |
| Website: | https://www.myamfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,589 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19249 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Jan 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,548,338 |
| CEO/Manager: | Pauline Miller |
| Chairperson: | Linda Peters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,220,856 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,712,507 |
| Unsecured Loans | 1,065,444 |
| Other Loans | 2,670,697 |
| TOTAL LOANS | 5,448,648 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,507 |
| Land And Building | 362,794 |
| Other Fixed Assets | 79,729 |
| NCUSIF Deposit | 112,550 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,548,338 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 52,901 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,086,880 |
| Regular shares | 10,437,028 |
| All Other Shares & Deposits | 430,455 |
| TOTAL SHARES & DEPOSITS | 11,954,363 |
| TOTAL LIABILITIES | 12,007,264 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,541,074 |
| TOTAL EQUITY | 2,541,074 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,548,338 |
| INCOME & EXPENSE | |
| Loan Income | 209,005 |
| Investment Income | 44,451 |
| Other Income | 65,063 |
| Total Employee Compensation & Benefits | 117,135 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 176,466 |
| Non-operating Income & (Expense) | 26,269 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,292 |
| Cost of Funds | 10,976 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 75,188 |
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