Dec, 31, 2023 — DEPARTMENT OF CORRECTIONS CREDIT UNION is a federally insured state chartered credit union headquartered in BATON ROUGE, LA with 10 branch locations and about $109.12 million in total assets. Opened 67 years ago in 1957, DEPARTMENT OF CORRECTIONS CREDIT UNION has about 13,596 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DEPARTMENT OF CORRECTIONS CREDIT UNION |
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Address: (Main Office) | 704 Mayflower St BATON ROUGE, LA 70802-6423 |
Phone: | (225) 342-6618 |
Fax: | (225) 342-4088 |
Website: | https://www.doccu.org |
Branches: | 10 branch locations |
Members: | 13,596 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62808 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $109,115,586 |
CEO/Manager: | Ellen S Dunn |
Chairperson: | Burl Cain |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,008,422 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,026,275 |
Unsecured Loans | 12,567,804 |
Other Loans | 41,275,565 |
TOTAL LOANS | 71,869,644 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -710,856 |
Land And Building | 0 |
Other Fixed Assets | 2,247,413 |
NCUSIF Deposit | 854,907 |
All Other Assets | 0 |
TOTAL ASSETS | 109,115,586 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 55,745 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 596,651 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,751,671 |
Regular shares | 40,507,474 |
All Other Shares & Deposits | 29,706,709 |
TOTAL SHARES & DEPOSITS | 84,965,854 |
TOTAL LIABILITIES | 85,618,250 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 23,497,336 |
TOTAL EQUITY | 23,497,336 |
TOTAL LIABILITIES, SHARES, & EQUITY | 109,115,586 |
INCOME & EXPENSE | |
Loan Income | 4,960,817 |
Investment Income | 1,328,926 |
Other Income | 1,810,837 |
Total Employee Compensation & Benefits | 3,313,516 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,090,370 |
Non-operating Income & (Expense) | -6,060 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 225,300 |
Cost of Funds | 650,403 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,258,990 |
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