Mar, 31, 2022 — VALEX FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 3 branch locations and about $36.39 million in total assets. Opened 73 years ago in 1949, VALEX FEDERAL CREDIT UNION has about 2,755 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALEX FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1767 Jackson St ALEXANDRIA, LA 71301-6433 |
| Phone: | (318) 443-1200 |
| Fax: | (318) 487-1326 |
| Website: | http://www.valexfcu.org |
| Branches: | 3 branch locations |
| Members: | 2,755 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6116 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,388,990 |
| CEO/Manager: | Chris Chelette |
| Chairperson: | Courtney Fontenot |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,306,793 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,840,779 |
| Unsecured Loans | 2,656,640 |
| Other Loans | 12,781,890 |
| TOTAL LOANS | 19,279,309 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -171,537 |
| Land And Building | 177,538 |
| Other Fixed Assets | 30,506 |
| NCUSIF Deposit | 298,176 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,388,990 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -439,606 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,062,212 |
| Regular shares | 22,160,463 |
| All Other Shares & Deposits | 4,635,809 |
| TOTAL SHARES & DEPOSITS | 33,858,484 |
| TOTAL LIABILITIES | 33,418,878 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,970,112 |
| TOTAL EQUITY | 2,970,112 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,388,990 |
| INCOME & EXPENSE | |
| Loan Income | 256,585 |
| Investment Income | 26,900 |
| Other Income | 23,879 |
| Total Employee Compensation & Benefits | 137,716 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 165,963 |
| Non-operating Income & (Expense) | 127,878 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 19,819 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 163,526 |
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