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WEST MONROE FEDERAL CREDIT UNION

Dec, 31, 2023 — WEST MONROE FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 1 branch location and about $4.08 million in total assets. Opened 48 years ago in 1976, WEST MONROE FEDERAL CREDIT UNION has about 445 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:445
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$4,081,533
CEO/Manager:Erik Pearson
Chairperson:Carl Turner

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 307,674
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 234,413
 Unsecured Loans 508,317
 Other Loans 2,049,356
 TOTAL LOANS 2,792,086
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,433
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 39,188
 All Other Assets 0
  TOTAL ASSETS 4,081,533
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -11,561
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,311,136
 All Other Shares & Deposits 2,208,178
  TOTAL SHARES & DEPOSITS 3,519,314
  TOTAL LIABILITIES 3,507,753
 Regular Reserve 0
 Other Reserves 70,906
 Undivided Earnings 502,874
  TOTAL EQUITY 573,780
  TOTAL LIABILITIES, SHARES, & EQUITY 4,081,533
INCOME & EXPENSE  
 Loan Income 190,104
 Investment Income 46,024
 Other Income 10,033
 Total Employee Compensation & Benefits 152,851
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 30,274
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -18,622
 Cost of Funds 81,458
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 200
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