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 |
| 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 |
| ↑ Back to Top | |