Dec, 31, 2023 — GP LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in ZACHARY, LA with 3 branch locations and about $47.10 million in total assets. Opened 55 years ago in 1969, GP LOUISIANA FEDERAL CREDIT UNION has about 4,505 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GP LOUISIANA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 E. Mt. Pleasant Road ZACHARY, LA 70791 |
| Phone: | (225) 654-7230 |
| Fax: | (225) 654-7232 |
| Website: | https://www.gplafcu.com |
| Branches: | 3 branch locations |
| Members: | 4,505 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19320 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,098,122 |
| CEO/Manager: | Kathleen B Smith |
| Chairperson: | Dianne LeBlanc |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,946,432 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 543,918 |
| Unsecured Loans | 5,016,978 |
| Other Loans | 25,320,558 |
| TOTAL LOANS | 30,881,454 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -681,903 |
| Land And Building | 2,064,047 |
| Other Fixed Assets | 44,399 |
| NCUSIF Deposit | 407,226 |
| All Other Assets | 6,500 |
| TOTAL ASSETS | 47,098,122 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 205,304 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 48,300 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,330,583 |
| Regular shares | 18,526,649 |
| All Other Shares & Deposits | 19,006,146 |
| TOTAL SHARES & DEPOSITS | 40,863,379 |
| TOTAL LIABILITIES | 41,116,983 |
| Regular Reserve | 0 |
| Other Reserves | 84,441 |
| Undivided Earnings | 5,896,698 |
| TOTAL EQUITY | 5,981,139 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,098,122 |
| INCOME & EXPENSE | |
| Loan Income | 2,050,130 |
| Investment Income | 437,702 |
| Other Income | 406,445 |
| Total Employee Compensation & Benefits | 766,275 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,170,288 |
| Non-operating Income & (Expense) | 571,835 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 238,212 |
| Cost of Funds | 687,761 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 603,576 |
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