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IBERIA PARISH FEDERAL CREDIT UNION

Jun, 30, 2021 — IBERIA PARISH FEDERAL CREDIT UNION is a federal credit union headquartered in New Iberia, LA with 1 branch location and about $298,987 in total assets. Opened 80 years ago in 1941, IBERIA PARISH FEDERAL CREDIT UNION has about 271 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:IBERIA PARISH FEDERAL CREDIT UNION
Address:
(Main Office)
500 French St
New Iberia, LA 70560
Phone:(337) 369-3121
Fax:(337) 369-3170
Website:n/a
Branches:1 branch locations
Members:271
Credit Union Type:Federal Credit Union
Charter Number:4416
Membership Type:Associational - Fraternal, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1941
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$298,987
CEO/Manager:Sherial Scott
Chairperson:Curly Mouton

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 172,866
TOTAL INVESTMENTS 35,495
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 75,473
 TOTAL LOANS 75,473
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,837
 Land And Building 27,397
 Other Fixed Assets 37
 NCUSIF Deposit 1,556
 All Other Assets 0
  TOTAL ASSETS 298,987
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -2,504
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 163,893
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 163,893
  TOTAL LIABILITIES 161,389
 Regular Reserve 16,114
 Other Reserves 0
 Undivided Earnings 121,484
  TOTAL EQUITY 137,598
  TOTAL LIABILITIES, SHARES, & EQUITY 298,987
INCOME & EXPENSE  
 Loan Income 6,849
 Investment Income 121
 Other Income 320
 Total Employee Compensation & Benefits 8,524
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,356
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 99
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,799
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