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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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