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NORTHWEST LOUISIANA FEDERAL CREDIT UNION

Mar, 31, 2022 — NORTHWEST LOUISIANA FEDERAL CREDIT UNION is a federal credit union headquartered in SHREVEPORT, LA with 1 branch location and about $11.08 million in total assets. Opened 47 years ago in 1975, NORTHWEST LOUISIANA FEDERAL CREDIT UNION has about 892 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:http://nwlafcu.org
Branches:1 branch locations
Members:892
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:$11,078,512
CEO/Manager:Beth Session
Chairperson:Margaret A Mays

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,225,590
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 897,729
 Unsecured Loans 814,046
 Other Loans 1,907,931
 TOTAL LOANS 3,635,304
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,385
 Land And Building 288,932
 Other Fixed Assets 33,081
 NCUSIF Deposit 66,815
 All Other Assets 0
  TOTAL ASSETS 11,078,512
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 47,260
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,210,358
 Regular shares 4,780,087
 All Other Shares & Deposits 1,894,056
  TOTAL SHARES & DEPOSITS 7,884,501
  TOTAL LIABILITIES 7,931,761
 Regular Reserve 0
 Other Reserves 1,298,572
 Undivided Earnings 1,848,179
  TOTAL EQUITY 3,146,751
  TOTAL LIABILITIES, SHARES, & EQUITY 11,078,512
INCOME & EXPENSE  
 Loan Income 59,225
 Investment Income 7,276
 Other Income 25,254
 Total Employee Compensation & Benefits 40,869
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 79,569
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,819
 Cost of Funds 3,959
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -21,914
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