Dec, 31, 2023 — FIRST PIONEERS FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 2 branch locations and about $59.13 million in total assets. Opened 75 years ago in 1949, FIRST PIONEERS FEDERAL CREDIT UNION has about 6,537 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST PIONEERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2235 S College Rd LAFAYETTE, LA 70508 |
| Phone: | (337) 233-8833 |
| Fax: | (337) 232-8065 |
| Website: | https://www.firstpioneers.com |
| Branches: | 2 branch locations |
| Members: | 6,537 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24783 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,134,384 |
| CEO/Manager: | Lawoka L Bolden |
| Chairperson: | Jason LeMaire |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,195,091 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,344,950 |
| Unsecured Loans | 4,737,535 |
| Other Loans | 25,028,359 |
| TOTAL LOANS | 42,110,844 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -266,644 |
| Land And Building | 5,268,394 |
| Other Fixed Assets | 766,944 |
| NCUSIF Deposit | 525,145 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,134,384 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 96,837 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,930,065 |
| Regular shares | 22,457,281 |
| All Other Shares & Deposits | 23,063,828 |
| TOTAL SHARES & DEPOSITS | 52,451,173 |
| TOTAL LIABILITIES | 52,548,010 |
| Regular Reserve | 0 |
| Other Reserves | 2,150,104 |
| Undivided Earnings | 4,436,270 |
| TOTAL EQUITY | 6,586,374 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,134,384 |
| INCOME & EXPENSE | |
| Loan Income | 2,355,937 |
| Investment Income | 144,041 |
| Other Income | 1,232,202 |
| Total Employee Compensation & Benefits | 1,239,488 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,143,076 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 328,474 |
| Cost of Funds | 730,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -163,726 |
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