Jun, 30, 2024 — NORTHWEST LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 1 branch location and about $10.40 million in total assets. Opened 50 years ago in 1975, NORTHWEST LOUISIANA FEDERAL CREDIT UNION has about 836 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: | NORTHWEST LOUISIANA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7070 Jewella Ave SHREVEPORT, LA 71108 |
| Phone: | (318) 686-5438 |
| Fax: | (318) 682-3867 |
| Website: | https://nwlafcu.org |
| Branches: | 1 branch locations |
| Members: | 836 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21998 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,397,252 |
| CEO/Manager: | Beth Session |
| Chairperson: | Margaret A Mays |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,472,903 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 655,624 |
| Unsecured Loans | 785,909 |
| Other Loans | 1,819,628 |
| TOTAL LOANS | 3,269,685 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,855 |
| Land And Building | 283,096 |
| Other Fixed Assets | 28,510 |
| NCUSIF Deposit | 73,781 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,397,252 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 94,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,140,404 |
| Regular shares | 4,583,904 |
| All Other Shares & Deposits | 1,429,590 |
| TOTAL SHARES & DEPOSITS | 7,153,898 |
| TOTAL LIABILITIES | 7,247,932 |
| Regular Reserve | 0 |
| Other Reserves | 1,320,487 |
| Undivided Earnings | 1,828,833 |
| TOTAL EQUITY | 3,149,320 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,397,252 |
| INCOME & EXPENSE | |
| Loan Income | 175,556 |
| Investment Income | 42,909 |
| Other Income | 84,788 |
| Total Employee Compensation & Benefits | 116,343 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 232,416 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -234 |
| Cost of Funds | 12,014 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -19,346 |
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