Sep, 30, 2025 — WESLA FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 3 branch locations and about $92.53 million in total assets. Opened 55 years ago in 1971, WESLA FEDERAL CREDIT UNION has about 6,451 members and employs 21 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 |
|---|---|
| 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: | 6,451 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $92,529,675 |
| CEO/Manager: | Teresa J Morrow |
| Chairperson: | Barbara R Flora |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,762,407 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,415,992 |
| Unsecured Loans | 3,115,451 |
| Other Loans | 21,285,971 |
| TOTAL LOANS | 35,195,058 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,622 |
| Land And Building | 1,306,418 |
| Other Fixed Assets | 112,956 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 786,576 |
| All Other Assets | 0 |
| TOTAL ASSETS | 92,529,675 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 153 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 293,696 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,023,711 |
| Regular shares | 39,312,402 |
| All Other Shares & Deposits | 18,044,680 |
| TOTAL SHARES & DEPOSITS | 79,380,793 |
| TOTAL LIABILITIES | 79,674,642 |
| Regular Reserve | 0 |
| Other Reserves | -65,644 |
| Undivided Earnings | 12,920,677 |
| TOTAL EQUITY | 12,855,033 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 92,529,675 |
| INCOME & EXPENSE | |
| Loan Income | 1,384,716 |
| Investment Income | 1,304,012 |
| Other Income | 542,254 |
| Total Employee Compensation & Benefits | 826,306 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,743,806 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 56,807 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 619,921 |
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