Sep, 30, 2025 — WEST MONROE FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 1 branch location and about $3.91 million in total assets. Opened 50 years ago in 1976, WEST MONROE FEDERAL CREDIT UNION has about 407 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEST MONROE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 211 Cypress St WEST MONROE, LA 71291-3119 |
| Phone: | (318) 387-2896 |
| Fax: | (318) 322-5155 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 407 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22527 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,910,158 |
| CEO/Manager: | Erik Pearson |
| Chairperson: | Carl Turner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 892,799 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 366,211 |
| Unsecured Loans | 339,875 |
| Other Loans | 2,027,869 |
| TOTAL LOANS | 2,733,955 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,087 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 39,188 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,910,158 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,842 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,137,517 |
| All Other Shares & Deposits | 2,542,630 |
| TOTAL SHARES & DEPOSITS | 3,680,147 |
| TOTAL LIABILITIES | 3,686,989 |
| Regular Reserve | 0 |
| Other Reserves | 70,906 |
| Undivided Earnings | 152,263 |
| TOTAL EQUITY | 223,169 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,910,158 |
| INCOME & EXPENSE | |
| Loan Income | 147,878 |
| Investment Income | 36,349 |
| Other Income | 5,549 |
| Total Employee Compensation & Benefits | 295,762 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 17,915 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,867 |
| Cost of Funds | 88,744 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -215,512 |
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