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VALEX FEDERAL CREDIT UNION

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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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