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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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