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LOUISIANA USA FEDERAL CREDIT UNION

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
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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