Mar, 31, 2022 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $98.55 million in total assets. Opened 83 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 10,015 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) | 10289 Airline Hwy BATON ROUGE, LA 70816 |
| Phone: | (225) 292-8910 |
| Fax: | (225) 296-0738 |
| Website: | https://louisianausa.org |
| Branches: | 2 branch locations |
| Members: | 10,015 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $98,545,839 |
| CEO/Manager: | Adam C Foy |
| Chairperson: | Norman J Borne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,953,057 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 581,742 |
| Real Estate Loans | 17,269,401 |
| Unsecured Loans | 5,295,713 |
| Other Loans | 40,391,922 |
| TOTAL LOANS | 62,957,036 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,223 |
| Land And Building | 1,772,764 |
| Other Fixed Assets | 216,179 |
| NCUSIF Deposit | 781,976 |
| All Other Assets | 0 |
| TOTAL ASSETS | 98,545,839 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 64,457 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 258,069 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,318,291 |
| Regular shares | 44,009,778 |
| All Other Shares & Deposits | 23,780,828 |
| TOTAL SHARES & DEPOSITS | 86,108,897 |
| TOTAL LIABILITIES | 86,431,423 |
| Regular Reserve | 0 |
| Other Reserves | 3,634,626 |
| Undivided Earnings | 8,479,790 |
| TOTAL EQUITY | 12,114,416 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,545,839 |
| INCOME & EXPENSE | |
| Loan Income | 761,164 |
| Investment Income | 78,588 |
| Other Income | 123,836 |
| Total Employee Compensation & Benefits | 398,429 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 464,461 |
| Non-operating Income & (Expense) | 2,832 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 70,744 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 307,434 |
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