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WESLA FEDERAL CREDIT UNION

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.


ABA Routing Number: 311175954
Name:WESLA FEDERAL CREDIT UNION
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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