Jun, 30, 2024 — VALEX FEDERAL CREDIT UNION is a federal credit union headquartered in ALEXANDRIA, LA with 3 branch locations and about $37.31 million in total assets. Opened 76 years ago in 1949, VALEX FEDERAL CREDIT UNION has about 2,744 members and employs 12 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 |
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Address: (Main Office) | 1767 Jackson St ALEXANDRIA, LA 71301-6433 |
Phone: | (318) 443-1200 |
Fax: | (318) 487-1326 |
Website: | https://www.valexfcu.org |
Branches: | 3 branch locations |
Members: | 2,744 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6116 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,308,100 |
CEO/Manager: | Chris Chelette |
Chairperson: | Courtney Fontenot |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,385,078 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,863,873 |
Unsecured Loans | 2,747,262 |
Other Loans | 14,808,037 |
TOTAL LOANS | 21,419,172 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,483 |
Land And Building | 173,979 |
Other Fixed Assets | 29,381 |
NCUSIF Deposit | 319,996 |
All Other Assets | 0 |
TOTAL ASSETS | 37,308,100 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 75,249 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,728,062 |
Regular shares | 22,503,005 |
All Other Shares & Deposits | 4,875,585 |
TOTAL SHARES & DEPOSITS | 34,106,652 |
TOTAL LIABILITIES | 34,181,901 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,126,199 |
TOTAL EQUITY | 3,126,199 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,308,100 |
INCOME & EXPENSE | |
Loan Income | 822,871 |
Investment Income | 100,971 |
Other Income | 81,017 |
Total Employee Compensation & Benefits | 398,418 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 524,827 |
Non-operating Income & (Expense) | 56,952 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
Cost of Funds | 60,662 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 231,525 |
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