Mar, 31, 2022 — PHI FEDERAL CREDIT UNION (PHI FCU) is a federal credit union headquartered in LAFAYETTE, LA with 1 branch location and about $6.83 million in total assets. Opened 47 years ago in 1975, PHI FEDERAL CREDIT UNION (PHI FCU) has about 1,503 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PHI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 714 E Kaliste Saloom Rd Ste A3 LAFAYETTE, LA 70508-2529 |
| Phone: | (337) 233-2274 |
| Fax: | (337) 232-0026 |
| Website: | http://www.phifcu.com |
| Branches: | 1 branch locations |
| Members: | 1,503 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21879 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,834,908 |
| CEO/Manager: | Sandra A Hall |
| Chairperson: | Kyle Boss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,375,657 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 789,552 |
| Other Loans | 2,620,593 |
| TOTAL LOANS | 3,410,145 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,597 |
| Land And Building | 7,145 |
| Other Fixed Assets | 12,474 |
| NCUSIF Deposit | 59,228 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,834,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,011 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 341,384 |
| Regular shares | 5,886,503 |
| All Other Shares & Deposits | 68,693 |
| TOTAL SHARES & DEPOSITS | 6,296,580 |
| TOTAL LIABILITIES | 6,338,617 |
| Regular Reserve | 0 |
| Other Reserves | 138,523 |
| Undivided Earnings | 357,768 |
| TOTAL EQUITY | 496,291 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,834,908 |
| INCOME & EXPENSE | |
| Loan Income | 42,347 |
| Investment Income | 199 |
| Other Income | 5,410 |
| Total Employee Compensation & Benefits | 44,027 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,834 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,536 |
| Cost of Funds | 750 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,966 |
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