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WESLA FEDERAL CREDIT UNION

Mar, 31, 2021 — WESLA FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 3 branch locations and about $94.17 million in total assets. Opened 50 years ago in 1971, WESLA FEDERAL CREDIT UNION has about 7,563 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311175954
Name:WESLA FEDERAL CREDIT UNION
Address:
(Main Office)
P. O. BOX 17770
SHREVEPORT, LA 71138
Phone:(318) 687-8700
Fax:(318) 688-8833
Website:http://www.wesla.org
Branches:3 branch locations
Members:7,563
Credit Union Type:Federal Credit Union
Charter Number:20749
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$94,169,308
CEO/Manager:Teresa J Morrow
Chairperson:Barbara R Flora

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,400,267
TOTAL INVESTMENTS 47,761,666
Loans Held for Sale 0
 
 Real Estate Loans 6,834,588
 Unsecured Loans 3,159,919
 Other Loans 15,513,178
 TOTAL LOANS 25,507,685
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -187,885
 Land And Building 1,445,956
 Other Fixed Assets 205,106
 NCUSIF Deposit 744,013
 All Other Assets 1,292,500
  TOTAL ASSETS 94,169,308
LIABILITIES & CAPITAL:  
 Dividends Payable 308
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 141,171
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,304,646
 Regular shares 40,973,610
 All Other Shares & Deposits 20,366,299
  TOTAL SHARES & DEPOSITS 82,644,555
  TOTAL LIABILITIES 82,786,034
 Regular Reserve 457,344
 Other Reserves -1,347,317
 Undivided Earnings 12,273,247
  TOTAL EQUITY 11,383,274
  TOTAL LIABILITIES, SHARES, & EQUITY 94,169,308
INCOME & EXPENSE  
 Loan Income 281,735
 Investment Income 141,144
 Other Income 184,215
 Total Employee Compensation & Benefits 248,878
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 454,340
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,727
 Cost of Funds 4,279
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 34,385
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