Mar, 31, 2022 — CSE FEDERAL CREDIT UNION is a federal credit union headquartered in LAKE CHARLES, LA with 4 branch locations and about $493.97 million in total assets. Opened 79 years ago in 1943, CSE FEDERAL CREDIT UNION has about 33,728 members and employs 119 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CSE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4321 Nelson Rd LAKE CHARLES, LA 70605-4119 |
| Phone: | (800) 625-5747 |
| Fax: | (337) 562-3123 |
| Website: | http://www.csefcu.org |
| Branches: | 4 branch locations |
| Members: | 33,728 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5086 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1943 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $493,966,329 |
| CEO/Manager: | Matt Koch |
| Chairperson: | Leo Blackmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 154,087,618 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 159,999,719 |
| Unsecured Loans | 19,271,183 |
| Other Loans | 86,991,476 |
| TOTAL LOANS | 266,262,378 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,170,004 |
| Land And Building | 13,588,997 |
| Other Fixed Assets | 666,023 |
| NCUSIF Deposit | 4,239,241 |
| All Other Assets | 112,000 |
| TOTAL ASSETS | 493,966,329 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,746 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,172,995 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,078,962 |
| Regular shares | 292,425,906 |
| All Other Shares & Deposits | 92,262,304 |
| TOTAL SHARES & DEPOSITS | 442,767,172 |
| TOTAL LIABILITIES | 447,961,913 |
| Regular Reserve | 0 |
| Other Reserves | -1,371,478 |
| Undivided Earnings | 47,375,894 |
| TOTAL EQUITY | 46,004,416 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 493,966,329 |
| INCOME & EXPENSE | |
| Loan Income | 2,997,202 |
| Investment Income | 175,310 |
| Other Income | 744,054 |
| Total Employee Compensation & Benefits | 1,914,556 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,048,097 |
| Non-operating Income & (Expense) | -5,990 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,299 |
| Cost of Funds | 337,527 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,258,861 |
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