Dec, 31, 2021 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 3 branch locations and about $97.14 million in total assets. Opened 83 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 9,949 members and employs 29 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: | http://www.lausafcu.org |
Branches: | 3 branch locations |
Members: | 9,949 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $97,138,694 |
CEO/Manager: | Adam C Foy |
Chairperson: | Norman J Borne |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,348,445 |
TOTAL INVESTMENTS | 22,846,610 |
Loans Held for Sale | 172,654 |
Real Estate Loans | 15,490,243 |
Unsecured Loans | 5,450,722 |
Other Loans | 40,206,896 |
TOTAL LOANS | 61,147,861 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,657 |
Land And Building | 1,691,816 |
Other Fixed Assets | 225,425 |
NCUSIF Deposit | 781,976 |
All Other Assets | 1,057,564 |
TOTAL ASSETS | 97,138,694 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 66,963 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 283,314 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,111,779 |
Regular shares | 42,915,882 |
All Other Shares & Deposits | 23,953,774 |
TOTAL SHARES & DEPOSITS | 84,981,435 |
TOTAL LIABILITIES | 85,331,712 |
Regular Reserve | 1,354,652 |
Other Reserves | 2,279,974 |
Undivided Earnings | 8,172,356 |
TOTAL EQUITY | 11,806,982 |
TOTAL LIABILITIES, SHARES, & EQUITY | 97,138,694 |
INCOME & EXPENSE | |
Loan Income | 2,937,984 |
Investment Income | 323,385 |
Other Income | 531,921 |
Total Employee Compensation & Benefits | 1,937,155 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,892,257 |
Non-operating Income & (Expense) | 2,840 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,404 |
Cost of Funds | 306,055 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 826,760 |
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