Dec, 31, 2023 — MONTELL FEDERAL CREDIT UNION is a federal credit union headquartered in WESTLAKE, LA with 1 branch location and about $5.21 million in total assets. Opened 54 years ago in 1970, MONTELL FEDERAL CREDIT UNION has about 666 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MONTELL FEDERAL CREDIT UNION |
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Address: (Main Office) | 4101 Highway 108 WESTLAKE, LA 70669 |
Phone: | (337) 439-7333 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 666 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20228 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,208,883 |
CEO/Manager: | Katherine J Louviere |
Chairperson: | Joseph L McMichael |
ASSETS: | $ Amount |
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Cash & Equivalents | 147,368 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 677,873 |
Other Loans | 3,924,938 |
TOTAL LOANS | 4,602,811 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,688 |
Land And Building | 0 |
Other Fixed Assets | 9,809 |
NCUSIF Deposit | 29,120 |
All Other Assets | 0 |
TOTAL ASSETS | 5,208,883 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,005,871 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,089,211 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,089,211 |
TOTAL LIABILITIES | 4,095,082 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,113,801 |
TOTAL EQUITY | 1,113,801 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,208,883 |
INCOME & EXPENSE | |
Loan Income | 162,542 |
Investment Income | 8,417 |
Other Income | 26,303 |
Total Employee Compensation & Benefits | 81,396 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 55,273 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 52,073 |
Cost of Funds | 122,598 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -113,328 |
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