Sep, 30, 2025 — SOUTHWEST LOUISIANA CREDIT UNION (SWLACU) is a federally insured state chartered credit union headquartered in LAKE CHARLES, LA with 4 branch locations and about $177.12 million in total assets. Opened 74 years ago in 1952, SOUTHWEST LOUISIANA CREDIT UNION (SWLACU) has about 19,167 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHWEST LOUISIANA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2255 E McNeese St LAKE CHARLES, LA 70607 |
| Phone: | (337) 477-9190 |
| Fax: | |
| Website: | https://www.swlacu.com |
| Branches: | 4 branch locations |
| Members: | 19,167 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62756 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $177,120,456 |
| CEO/Manager: | Chad Miller |
| Chairperson: | Robert Collins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,788,548 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,076,578 |
| Unsecured Loans | 17,676,421 |
| Other Loans | 68,304,913 |
| TOTAL LOANS | 145,057,912 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,518,729 |
| Land And Building | 9,687,207 |
| Other Fixed Assets | 872,442 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,398,497 |
| All Other Assets | 35,660 |
| TOTAL ASSETS | 177,120,456 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,508,115 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,500,000 |
| Share Drafts | 25,660,345 |
| Regular shares | 76,070,872 |
| All Other Shares & Deposits | 47,652,648 |
| TOTAL SHARES & DEPOSITS | 149,383,866 |
| TOTAL LIABILITIES | 154,391,981 |
| Regular Reserve | 0 |
| Other Reserves | 704,390 |
| Undivided Earnings | 22,024,085 |
| TOTAL EQUITY | 22,728,475 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 177,120,456 |
| INCOME & EXPENSE | |
| Loan Income | 7,597,512 |
| Investment Income | 205,339 |
| Other Income | 1,837,012 |
| Total Employee Compensation & Benefits | 3,807,082 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,762,891 |
| Non-operating Income & (Expense) | 365,195 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,179,188 |
| Cost of Funds | 1,494,254 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 771,863 |
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