Mar, 31, 2021 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 3 branch locations and about $91.23 million in total assets. Opened 82 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 9,626 members and employs 30 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) | P O BOX 15745 BATON ROUGE, LA 70895 |
| Phone: | (225) 292-8910 |
| Fax: | (225) 296-0738 |
| Website: | http://www.lausafcu.org |
| Branches: | 3 branch locations |
| Members: | 9,626 |
| 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: | $91,227,560 |
| CEO/Manager: | Adam C Foy |
| Chairperson: | Norman J Borne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,643,861 |
| TOTAL INVESTMENTS | 20,820,943 |
| Loans Held for Sale | 621,177 |
| Real Estate Loans | 14,397,871 |
| Unsecured Loans | 5,532,104 |
| Other Loans | 35,644,922 |
| TOTAL LOANS | 55,574,897 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -147,515 |
| Land And Building | 1,621,255 |
| Other Fixed Assets | 220,387 |
| NCUSIF Deposit | 735,797 |
| All Other Assets | 1,136,758 |
| TOTAL ASSETS | 91,227,560 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 69,921 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 225,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,553,864 |
| Regular shares | 39,981,066 |
| All Other Shares & Deposits | 22,062,667 |
| TOTAL SHARES & DEPOSITS | 79,597,597 |
| TOTAL LIABILITIES | 79,892,875 |
| Regular Reserve | 1,354,652 |
| Other Reserves | 2,279,974 |
| Undivided Earnings | 7,700,059 |
| TOTAL EQUITY | 11,334,685 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,227,560 |
| INCOME & EXPENSE | |
| Loan Income | 704,642 |
| Investment Income | 72,046 |
| Other Income | 146,165 |
| Total Employee Compensation & Benefits | 400,943 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 451,283 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,695 |
| Cost of Funds | 82,960 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 354,462 |
| ↑ Back to Top | |