Dec, 31, 2023 — PELICAN STATE CREDIT UNION is a federally insured state chartered credit union headquartered in BATON ROUGE, LA with 18 branch locations and about $668.17 million in total assets. Opened 68 years ago in 1956, PELICAN STATE CREDIT UNION has about 75,023 members and employs 367 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PELICAN STATE CREDIT UNION |
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Address: (Main Office) | 2675 ONeal Ln BATON ROUGE, LA 70816-3124 |
Phone: | (225) 408-6100 |
Fax: | |
Website: | https://www.pelicanstatecu.com |
Branches: | 18 branch locations |
Members: | 75,023 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62710 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $668,169,034 |
CEO/Manager: | Jeffrey Conrad |
Chairperson: | Janelle Folse |
ASSETS: | $ Amount |
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Cash & Equivalents | 32,220,817 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 139,614,424 |
Unsecured Loans | 122,237,370 |
Other Loans | 300,028,652 |
TOTAL LOANS | 565,593,653 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,757,382 |
Land And Building | 28,738,069 |
Other Fixed Assets | 8,422,744 |
NCUSIF Deposit | 5,525,919 |
All Other Assets | 137,904 |
TOTAL ASSETS | 668,169,034 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,403,466 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,729,316 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 94,897,074 |
Regular shares | 209,276,782 |
All Other Shares & Deposits | 278,897,753 |
TOTAL SHARES & DEPOSITS | 583,071,609 |
TOTAL LIABILITIES | 597,204,391 |
Regular Reserve | 0 |
Other Reserves | 4,879,524 |
Undivided Earnings | 66,085,119 |
TOTAL EQUITY | 70,964,643 |
TOTAL LIABILITIES, SHARES, & EQUITY | 668,169,034 |
INCOME & EXPENSE | |
Loan Income | 44,231,417 |
Investment Income | 2,148,321 |
Other Income | 17,268,170 |
Total Employee Compensation & Benefits | 29,868,781 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,328,519 |
Non-operating Income & (Expense) | 1,521,048 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,783,204 |
Cost of Funds | 10,816,498 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,335,768 |
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