Sep, 30, 2021 — LOUISIANA USA FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 3 branch locations and about $93.72 million in total assets. Opened 83 years ago in 1939, LOUISIANA USA FEDERAL CREDIT UNION has about 9,882 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: | 9,882 |
| 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: | $93,721,499 |
| CEO/Manager: | Adam C Foy |
| Chairperson: | Norman J Borne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,167,634 |
| TOTAL INVESTMENTS | 22,838,429 |
| Loans Held for Sale | 530,503 |
| Real Estate Loans | 14,983,948 |
| Unsecured Loans | 5,455,799 |
| Other Loans | 39,227,873 |
| TOTAL LOANS | 59,667,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -129,597 |
| Land And Building | 1,606,814 |
| Other Fixed Assets | 229,442 |
| NCUSIF Deposit | 748,441 |
| All Other Assets | 1,062,213 |
| TOTAL ASSETS | 93,721,499 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 65,285 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 241,680 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,671,995 |
| Regular shares | 41,397,999 |
| All Other Shares & Deposits | 22,447,771 |
| TOTAL SHARES & DEPOSITS | 81,517,765 |
| TOTAL LIABILITIES | 81,824,730 |
| Regular Reserve | 1,354,652 |
| Other Reserves | 2,279,974 |
| Undivided Earnings | 8,262,143 |
| TOTAL EQUITY | 11,896,769 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,721,499 |
| INCOME & EXPENSE | |
| Loan Income | 2,177,516 |
| Investment Income | 240,996 |
| Other Income | 400,214 |
| Total Employee Compensation & Benefits | 1,269,236 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,397,034 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,920 |
| Cost of Funds | 232,443 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 916,546 |
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