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CABOT EMPLOYEES CREDIT UNION

Mar, 31, 2021 — CABOT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in FRANKLIN, LA with 1 branch location and about $1.69 million in total assets. Opened 65 years ago in 1956, CABOT EMPLOYEES CREDIT UNION has about 131 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CABOT EMPLOYEES CREDIT UNION
Address:
(Main Office)
PO BOX 598
FRANKLIN, LA 70538
Phone:(337) 836-2219
Fax:(337) 836-2332
Website:n/a
Branches:1 branch locations
Members:131
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62441
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1956
Last Audited:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,690,729
CEO/Manager:Patricia L Ashley
Chairperson:William Cantrelle

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,043,586
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 131,939
 Other Loans 509,594
 TOTAL LOANS 641,533
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 13,610
 All Other Assets 0
  TOTAL ASSETS 1,690,729
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 90
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,305,146
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,305,146
  TOTAL LIABILITIES 1,305,236
 Regular Reserve 92,000
 Other Reserves 0
 Undivided Earnings 293,493
  TOTAL EQUITY 385,493
  TOTAL LIABILITIES, SHARES, & EQUITY 1,690,729
INCOME & EXPENSE  
 Loan Income 7,586
 Investment Income 958
 Other Income 0
 Total Employee Compensation & Benefits 4,596
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,525
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,423
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