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VALEX FEDERAL CREDIT UNION

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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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