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CABOT EMPLOYEES CREDIT UNION

Mar, 31, 2022 — CABOT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in VILLE PLATTE, LA with 1 branch location and about $618,061 in total assets. Opened 66 years ago in 1956, CABOT EMPLOYEES CREDIT UNION has about 61 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)
2066 Cabot Rd
VILLE PLATTE, LA 70586
Phone:(337) 363-8935
Fax:(337) 363-1706
Website:n/a
Branches:1 branch locations
Members:61
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62896
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1956
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$618,061
CEO/Manager:Peggy A Tate
Chairperson:Rhonda Deshotels

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 88,598
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 31,377
 Other Loans 73,758
 TOTAL LOANS 105,135
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,752
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 3,827
 All Other Assets 0
  TOTAL ASSETS 618,061
LIABILITIES & CAPITAL:  
 Dividends Payable 300
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 139
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 558,832
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 558,832
  TOTAL LIABILITIES 559,271
 Regular Reserve 0
 Other Reserves 47,264
 Undivided Earnings 11,526
  TOTAL EQUITY 58,790
  TOTAL LIABILITIES, SHARES, & EQUITY 618,061
INCOME & EXPENSE  
 Loan Income 1,451
 Investment Income 454
 Other Income 70
 Total Employee Compensation & Benefits 3,875
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,039
 Non-operating Income & (Expense) 2,056
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 300
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,183
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