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ACADIANA MEDICAL FEDERAL CREDIT UNION

Jun, 30, 2021 — ACADIANA MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in Lafayette, LA with 1 branch location and about $13.52 million in total assets. Opened 52 years ago in 1969, ACADIANA MEDICAL FEDERAL CREDIT UNION has about 1,658 members and employs 3 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 Street
Lafayette, LA 70506
Phone:(337) 289-2740
Fax:(337) 289-4744
Website:http://www.myamfcu.com
Branches:1 branch locations
Members:1,658
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$13,519,958
CEO/Manager:Pauline Miller
Chairperson:Linda Peters

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,685,315
TOTAL INVESTMENTS 3,558,030
Loans Held for Sale 0
 
 Real Estate Loans 1,648,276
 Unsecured Loans 1,044,195
 Other Loans 2,997,864
 TOTAL LOANS 5,690,335
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,072
 Land And Building 372,743
 Other Fixed Assets 79,729
 NCUSIF Deposit 103,247
 All Other Assets 40,631
  TOTAL ASSETS 13,519,958
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 49,288
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,188,386
 Regular shares 9,541,776
 All Other Shares & Deposits 324,259
  TOTAL SHARES & DEPOSITS 11,054,421
  TOTAL LIABILITIES 11,103,709
 Regular Reserve 459,102
 Other Reserves 56,786
 Undivided Earnings 1,900,361
  TOTAL EQUITY 2,416,249
  TOTAL LIABILITIES, SHARES, & EQUITY 13,519,958
INCOME & EXPENSE  
 Loan Income 134,136
 Investment Income 14,369
 Other Income 40,722
 Total Employee Compensation & Benefits 81,638
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 116,283
 Non-operating Income & (Expense) 29,806
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -6,181
 Cost of Funds 6,393
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 36,028
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