Dec, 31, 2021 — LOUISIANA CENTRAL CREDIT UNION is a federally insured state chartered credit union headquartered in HARAHAN, LA with 1 branch location and about $13.78 million in total assets. Opened 80 years ago in 1942, LOUISIANA CENTRAL CREDIT UNION has about 2,492 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOUISIANA CENTRAL CREDIT UNION |
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Address: (Main Office) | 824 Elmwood Park Blvd HARAHAN, LA 70123-3332 |
Phone: | (504) 733-0789 |
Fax: | (504) 733-0767 |
Website: | http://louisianacentral.org |
Branches: | 1 branch locations |
Members: | 2,492 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61724 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,783,074 |
CEO/Manager: | John E Tramell |
Chairperson: | Henry V Orgeron |
ASSETS: | $ Amount |
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Cash & Equivalents | 323,811 |
TOTAL INVESTMENTS | 4,850,913 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,761,002 |
Other Loans | 5,262,070 |
TOTAL LOANS | 8,548,735 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,826 |
Land And Building | 0 |
Other Fixed Assets | 13,503 |
NCUSIF Deposit | 121,842 |
All Other Assets | 108,096 |
TOTAL ASSETS | 13,783,074 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 79,097 |
Accounts Payable & Other Liabilities | 303,106 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,399,203 |
Regular shares | 9,432,462 |
All Other Shares & Deposits | 1,655,577 |
TOTAL SHARES & DEPOSITS | 12,487,242 |
TOTAL LIABILITIES | 12,869,445 |
Regular Reserve | 613,410 |
Other Reserves | 0 |
Undivided Earnings | 300,219 |
TOTAL EQUITY | 913,629 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,783,074 |
INCOME & EXPENSE | |
Loan Income | 561,529 |
Investment Income | 52,106 |
Other Income | 152,679 |
Total Employee Compensation & Benefits | 333,040 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 387,794 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -100,000 |
Cost of Funds | 24,779 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 251,894 |
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