Jun, 30, 2024 — XPLORE FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 4 branch locations and about $161.21 million in total assets. Opened 47 years ago in 1978, XPLORE FEDERAL CREDIT UNION has about 8,087 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | XPLORE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5500 Veterans Memorial Blvd Ste 100 METAIRIE, LA 70003-1746 |
| Phone: | (888) 897-5673 |
| Fax: | (504) 212-4630 |
| Website: | https://www.xplorefcu.com |
| Branches: | 4 branch locations |
| Members: | 8,087 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23017 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $161,208,807 |
| CEO/Manager: | Darlene Lockhart |
| Chairperson: | Neil Johnston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,151,003 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,667,961 |
| Unsecured Loans | 10,864,454 |
| Other Loans | 26,890,248 |
| TOTAL LOANS | 119,009,434 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -212,534 |
| Land And Building | 5,159,073 |
| Other Fixed Assets | 980,265 |
| NCUSIF Deposit | 1,378,061 |
| All Other Assets | 0 |
| TOTAL ASSETS | 161,208,807 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 1,831,941 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,390,970 |
| Regular shares | 79,779,036 |
| All Other Shares & Deposits | 24,477,474 |
| TOTAL SHARES & DEPOSITS | 141,647,480 |
| TOTAL LIABILITIES | 146,479,421 |
| Regular Reserve | 0 |
| Other Reserves | -1,291,687 |
| Undivided Earnings | 16,021,073 |
| TOTAL EQUITY | 14,729,386 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 161,208,807 |
| INCOME & EXPENSE | |
| Loan Income | 3,623,476 |
| Investment Income | 340,606 |
| Other Income | 677,227 |
| Total Employee Compensation & Benefits | 2,549,020 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,297,912 |
| Non-operating Income & (Expense) | 4,062 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,200 |
| Cost of Funds | 179,720 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 459,435 |
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