Sep, 30, 2025 — LA TERRE FEDERAL CREDIT UNION is a federal credit union headquartered in HOUMA, LA with 1 branch location and about $25.54 million in total assets. Opened 56 years ago in 1970, LA TERRE FEDERAL CREDIT UNION has about 4,982 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LA TERRE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 701 Barrow St HOUMA, LA 70360-4701 |
| Phone: | (985) 872-2836 |
| Fax: | (984) 872-1666 |
| Website: | https://www.laterrefcu.org |
| Branches: | 1 branch locations |
| Members: | 4,982 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20002 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,541,429 |
| CEO/Manager: | Crystal K Marks |
| Chairperson: | Paul Labat |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,645,363 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,328,190 |
| Other Loans | 19,690,953 |
| TOTAL LOANS | 22,019,143 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -714,974 |
| Land And Building | 905,938 |
| Other Fixed Assets | 34,681 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 238,598 |
| All Other Assets | 128,659 |
| TOTAL ASSETS | 25,541,429 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,491 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 633,515 |
| Regular shares | 15,039,697 |
| All Other Shares & Deposits | 8,197,795 |
| TOTAL SHARES & DEPOSITS | 23,871,008 |
| TOTAL LIABILITIES | 23,874,499 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,666,930 |
| TOTAL EQUITY | 1,666,930 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,541,429 |
| INCOME & EXPENSE | |
| Loan Income | 1,233,414 |
| Investment Income | 42,744 |
| Other Income | 123,432 |
| Total Employee Compensation & Benefits | 693,179 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 465,622 |
| Non-operating Income & (Expense) | 99,898 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,171 |
| Cost of Funds | 239,818 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,698 |
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