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WEST MONROE FEDERAL CREDIT UNION

Jun, 30, 2021 — WEST MONROE FEDERAL CREDIT UNION is a federal credit union headquartered in West Monroe, LA with 1 branch location and about $4.65 million in total assets. Opened 45 years ago in 1976, WEST MONROE FEDERAL CREDIT UNION has about 473 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)
2305 North 7th Street
West Monroe, LA 71291
Phone:(318) 387-2896
Fax:(318) 322-5155
Website:n/a
Branches:1 branch locations
Members:473
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,647,293
CEO/Manager:Erik Pearson
Chairperson:Carl Turner

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 803,507
TOTAL INVESTMENTS 763,624
Loans Held for Sale 0
 
 Real Estate Loans 441,927
 Unsecured Loans 412,958
 Other Loans 2,225,242
 TOTAL LOANS 3,080,127
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -43,995
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 41,822
 All Other Assets 2,208
  TOTAL ASSETS 4,647,293
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 29,490
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,032,451
 All Other Shares & Deposits 2,009,699
  TOTAL SHARES & DEPOSITS 4,042,150
  TOTAL LIABILITIES 4,071,640
 Regular Reserve 70,906
 Other Reserves 0
 Undivided Earnings 504,747
  TOTAL EQUITY 575,653
  TOTAL LIABILITIES, SHARES, & EQUITY 4,647,293
INCOME & EXPENSE  
 Loan Income 105,618
 Investment Income 8,789
 Other Income 3,355
 Total Employee Compensation & Benefits 82,008
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,054
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 19,481
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,219
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