Dec, 31, 2023 — XPLORE FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 5 branch locations and about $154.99 million in total assets. Opened 46 years ago in 1978, XPLORE FEDERAL CREDIT UNION has about 7,913 members and employs 38 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 |
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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: | 5 branch locations |
Members: | 7,913 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23017 |
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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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $154,992,665 |
CEO/Manager: | Darlene Lockhart |
Chairperson: | Neil Johnston |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,058,154 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 76,617,890 |
Unsecured Loans | 11,186,921 |
Other Loans | 22,188,774 |
TOTAL LOANS | 109,993,585 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -194,891 |
Land And Building | 6,097,022 |
Other Fixed Assets | 2,748,838 |
NCUSIF Deposit | 1,187,810 |
All Other Assets | 0 |
TOTAL ASSETS | 154,992,665 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 18,000,000 |
Accounts Payable & Other Liabilities | 2,998,826 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,969,541 |
Regular shares | 54,250,080 |
All Other Shares & Deposits | 29,927,086 |
TOTAL SHARES & DEPOSITS | 118,146,707 |
TOTAL LIABILITIES | 139,145,533 |
Regular Reserve | 0 |
Other Reserves | -714,073 |
Undivided Earnings | 16,561,205 |
TOTAL EQUITY | 15,847,132 |
TOTAL LIABILITIES, SHARES, & EQUITY | 154,992,665 |
INCOME & EXPENSE | |
Loan Income | 5,668,071 |
Investment Income | 705,757 |
Other Income | 1,307,312 |
Total Employee Compensation & Benefits | 3,524,917 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,094,588 |
Non-operating Income & (Expense) | 16,446 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,130 |
Cost of Funds | 1,343,691 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 435,070 |
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