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WESLA FEDERAL CREDIT UNION

Jun, 30, 2021 — WESLA FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 3 branch locations and about $95.87 million in total assets. Opened 50 years ago in 1971, WESLA FEDERAL CREDIT UNION has about 7,278 members and employs 25 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:7,278
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:$95,871,869
CEO/Manager:Teresa J Morrow
Chairperson:Russell O Brabham

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,282,335
TOTAL INVESTMENTS 47,011,666
Loans Held for Sale 0
 
 Real Estate Loans 6,853,297
 Unsecured Loans 3,044,900
 Other Loans 15,010,231
 TOTAL LOANS 24,908,428
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -167,158
 Land And Building 1,434,407
 Other Fixed Assets 187,440
 NCUSIF Deposit 764,059
 All Other Assets 1,450,692
  TOTAL ASSETS 95,871,869
LIABILITIES & CAPITAL:  
 Dividends Payable 459
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 174,944
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,862,188
 Regular shares 42,380,875
 All Other Shares & Deposits 20,881,533
  TOTAL SHARES & DEPOSITS 84,124,596
  TOTAL LIABILITIES 84,299,999
 Regular Reserve 457,344
 Other Reserves -1,312,389
 Undivided Earnings 12,426,915
  TOTAL EQUITY 11,571,870
  TOTAL LIABILITIES, SHARES, & EQUITY 95,871,869
INCOME & EXPENSE  
 Loan Income 555,731
 Investment Income 261,911
 Other Income 380,850
 Total Employee Compensation & Benefits 492,971
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 930,450
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -13,386
 Cost of Funds 8,866
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 188,053
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