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WESLA FEDERAL CREDIT UNION

Jun, 30, 2023 — WESLA FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 3 branch locations and about $98.91 million in total assets. Opened 53 years ago in 1971, WESLA FEDERAL CREDIT UNION has about 6,803 members and employs 26 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:6,803
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$98,913,433
CEO/Manager:Teresa J Morrow
Chairperson:Barbara R Flora

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,144,597
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,077,923
 Unsecured Loans 2,780,179
 Other Loans 12,371,575
 TOTAL LOANS 23,182,274
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -88,028
 Land And Building 1,377,537
 Other Fixed Assets 114,123
 NCUSIF Deposit 828,970
 All Other Assets 0
  TOTAL ASSETS 98,913,433
LIABILITIES & CAPITAL:  
 Dividends Payable 935
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 171,973
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,560,118
 Regular shares 44,458,755
 All Other Shares & Deposits 21,446,137
  TOTAL SHARES & DEPOSITS 87,465,010
  TOTAL LIABILITIES 87,637,918
 Regular Reserve 0
 Other Reserves -739,931
 Undivided Earnings 12,015,446
  TOTAL EQUITY 11,275,515
  TOTAL LIABILITIES, SHARES, & EQUITY 98,913,433
INCOME & EXPENSE  
 Loan Income 726,144
 Investment Income 477,644
 Other Income 606,844
 Total Employee Compensation & Benefits 773,178
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,440,275
 Non-operating Income & (Expense) 496
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 82,729
 Cost of Funds 14,222
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -226,159
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