Dec, 31, 2023 — ACADIANA MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 1 branch location and about $13.99 million in total assets. Opened 55 years ago in 1969, ACADIANA MEDICAL FEDERAL CREDIT UNION has about 1,536 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: | 1,536 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,988,219 |
| CEO/Manager: | Pauline Miller |
| Chairperson: | Linda Peters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 625,524 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,104,117 |
| Unsecured Loans | 1,081,663 |
| Other Loans | 3,574,629 |
| TOTAL LOANS | 6,760,409 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,223 |
| Land And Building | 342,168 |
| Other Fixed Assets | 79,729 |
| NCUSIF Deposit | 113,233 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,988,219 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 67,910 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,144,610 |
| Regular shares | 9,874,311 |
| All Other Shares & Deposits | 98,261 |
| TOTAL SHARES & DEPOSITS | 11,117,183 |
| TOTAL LIABILITIES | 11,185,093 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,803,126 |
| TOTAL EQUITY | 2,803,126 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,988,219 |
| INCOME & EXPENSE | |
| Loan Income | 329,377 |
| Investment Income | 200,246 |
| Other Income | 88,820 |
| Total Employee Compensation & Benefits | 184,680 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 253,429 |
| Non-operating Income & (Expense) | 22,914 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,985 |
| Cost of Funds | 14,358 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 230,252 |
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