Dec, 31, 2022 — 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 74 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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