Sep, 30, 2025 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $104.39 million in total assets. Opened 87 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 10,295 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUISIANA USA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10289 Airline Hwy BATON ROUGE, LA 70816 |
| Phone: | (225) 292-8910 |
| Fax: | (225) 296-0738 |
| Website: | https://www.formationcu.com |
| Branches: | 2 branch locations |
| Members: | 10,295 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3061 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $104,394,680 |
| CEO/Manager: | Adam C Foy |
| Chairperson: | John Pastorek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,651,757 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 312,032 |
| Real Estate Loans | 20,441,496 |
| Unsecured Loans | 5,778,734 |
| Other Loans | 38,204,488 |
| TOTAL LOANS | 64,424,718 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,060 |
| Land And Building | 1,625,476 |
| Other Fixed Assets | 176,514 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 772,993 |
| All Other Assets | 261,233 |
| TOTAL ASSETS | 104,394,680 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,994 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 321,863 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,385,872 |
| Regular shares | 36,859,004 |
| All Other Shares & Deposits | 37,417,986 |
| TOTAL SHARES & DEPOSITS | 90,662,862 |
| TOTAL LIABILITIES | 91,011,719 |
| Regular Reserve | 0 |
| Other Reserves | 2,279,974 |
| Undivided Earnings | 11,102,987 |
| TOTAL EQUITY | 13,382,961 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 104,394,680 |
| INCOME & EXPENSE | |
| Loan Income | 3,319,769 |
| Investment Income | 192,473 |
| Other Income | 367,838 |
| Total Employee Compensation & Benefits | 1,441,148 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,675,415 |
| Non-operating Income & (Expense) | 20,625 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 292,042 |
| Cost of Funds | 1,133,258 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 213,173 |
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