Dec, 31, 2023 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $95.22 million in total assets. Opened 85 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 10,565 members and employs 26 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 |
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Address: (Main Office) | 10289 Airline Hwy BATON ROUGE, LA 70816 |
Phone: | (225) 292-8910 |
Fax: | (225) 296-0738 |
Website: | https://louisianausa.org |
Branches: | 2 branch locations |
Members: | 10,565 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3061 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $95,223,199 |
CEO/Manager: | Adam C Foy |
Chairperson: | Norman J Borne |
ASSETS: | $ Amount |
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Cash & Equivalents | 475,844 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 161,380 |
Real Estate Loans | 20,951,636 |
Unsecured Loans | 5,811,383 |
Other Loans | 44,758,518 |
TOTAL LOANS | 71,521,537 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -197,239 |
Land And Building | 1,707,287 |
Other Fixed Assets | 212,653 |
NCUSIF Deposit | 779,707 |
All Other Assets | 0 |
TOTAL ASSETS | 95,223,199 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 189,921 |
Notes & Interest Payable | 2,947,283 |
Accounts Payable & Other Liabilities | 363,423 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,027,198 |
Regular shares | 36,946,182 |
All Other Shares & Deposits | 25,964,747 |
TOTAL SHARES & DEPOSITS | 78,938,127 |
TOTAL LIABILITIES | 82,438,754 |
Regular Reserve | 0 |
Other Reserves | 3,634,626 |
Undivided Earnings | 9,149,819 |
TOTAL EQUITY | 12,784,445 |
TOTAL LIABILITIES, SHARES, & EQUITY | 95,223,199 |
INCOME & EXPENSE | |
Loan Income | 3,961,389 |
Investment Income | 302,068 |
Other Income | 514,042 |
Total Employee Compensation & Benefits | 1,913,703 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,023,252 |
Non-operating Income & (Expense) | 29,138 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 266,504 |
Cost of Funds | 808,062 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 449,806 |
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» See also Statement of Financial Condition