Dec, 31, 2023 — WESLA FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 3 branch locations and about $97.43 million in total assets. Opened 53 years ago in 1971, WESLA FEDERAL CREDIT UNION has about 6,595 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESLA FEDERAL CREDIT UNION |
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Address: (Main Office) | 2921 Williamson Way SHREVEPORT, LA 71118 |
Phone: | (318) 687-8700 |
Fax: | (318) 688-8833 |
Website: | https://www.wesla.org |
Branches: | 3 branch locations |
Members: | 6,595 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20749 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $97,430,883 |
CEO/Manager: | Teresa J Morrow |
Chairperson: | Barbara R Flora |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,284,023 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,810,397 |
Unsecured Loans | 2,952,865 |
Other Loans | 18,497,863 |
TOTAL LOANS | 30,639,145 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,688 |
Land And Building | 1,365,935 |
Other Fixed Assets | 202,853 |
NCUSIF Deposit | 858,057 |
All Other Assets | 0 |
TOTAL ASSETS | 97,430,883 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 340 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 188,071 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,735,989 |
Regular shares | 41,634,632 |
All Other Shares & Deposits | 20,271,283 |
TOTAL SHARES & DEPOSITS | 85,641,904 |
TOTAL LIABILITIES | 85,830,315 |
Regular Reserve | 0 |
Other Reserves | -556,218 |
Undivided Earnings | 12,156,786 |
TOTAL EQUITY | 11,600,568 |
TOTAL LIABILITIES, SHARES, & EQUITY | 97,430,883 |
INCOME & EXPENSE | |
Loan Income | 1,175,342 |
Investment Income | 1,386,471 |
Other Income | 772,168 |
Total Employee Compensation & Benefits | 1,044,625 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,061,764 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,890 |
Cost of Funds | 83,590 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 183,744 |
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