Jun, 30, 2023 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $96.82 million in total assets. Opened 84 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 10,258 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: | https://louisianausa.org |
| Branches: | 2 branch locations |
| Members: | 10,258 |
| 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: | $96,815,940 |
| CEO/Manager: | Adam C Foy |
| Chairperson: | Norman J Borne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 186,743 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 223,527 |
| Real Estate Loans | 18,589,518 |
| Unsecured Loans | 5,564,644 |
| Other Loans | 45,823,934 |
| TOTAL LOANS | 69,978,096 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,469 |
| Land And Building | 1,773,280 |
| Other Fixed Assets | 226,411 |
| NCUSIF Deposit | 816,836 |
| All Other Assets | 0 |
| TOTAL ASSETS | 96,815,940 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 61,829 |
| Notes & Interest Payable | 548,202 |
| Accounts Payable & Other Liabilities | 288,564 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,251,074 |
| Regular shares | 43,850,047 |
| All Other Shares & Deposits | 22,261,752 |
| TOTAL SHARES & DEPOSITS | 83,362,873 |
| TOTAL LIABILITIES | 84,261,468 |
| Regular Reserve | 0 |
| Other Reserves | 3,634,626 |
| Undivided Earnings | 8,919,846 |
| TOTAL EQUITY | 12,554,472 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,815,940 |
| INCOME & EXPENSE | |
| Loan Income | 2,406,993 |
| Investment Income | 245,563 |
| Other Income | 387,427 |
| Total Employee Compensation & Benefits | 1,248,035 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,393,472 |
| Non-operating Income & (Expense) | 11,801 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 167,378 |
| Cost of Funds | 212,300 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 747,490 |
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