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WEST MONROE FEDERAL CREDIT UNION

Mar, 31, 2022 — WEST MONROE FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 1 branch location and about $4.59 million in total assets. Opened 46 years ago in 1976, WEST MONROE FEDERAL CREDIT UNION has about 451 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:451
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$4,588,834
CEO/Manager:Erik Pearson
Chairperson:Carl Turner

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,047,172
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 341,343
 Unsecured Loans 457,926
 Other Loans 1,975,665
 TOTAL LOANS 2,774,934
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,393
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 41,822
 All Other Assets 0
  TOTAL ASSETS 4,588,834
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,919
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,113,418
 All Other Shares & Deposits 1,890,933
  TOTAL SHARES & DEPOSITS 4,004,351
  TOTAL LIABILITIES 4,015,270
 Regular Reserve 0
 Other Reserves 70,906
 Undivided Earnings 502,658
  TOTAL EQUITY 573,564
  TOTAL LIABILITIES, SHARES, & EQUITY 4,588,834
INCOME & EXPENSE  
 Loan Income 48,907
 Investment Income 2,458
 Other Income 1,199
 Total Employee Compensation & Benefits 38,199
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,580
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,000
 Cost of Funds 8,602
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 183
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