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FEDERAL EMPLOYEES CREDIT UNION

Sep, 30, 2021 — FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MONROE, LA with 1 branch location and about $22.75 million in total assets. Opened 80 years ago in 1941, FEDERAL EMPLOYEES CREDIT UNION has about 1,373 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FEDERAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
P.O. BOX 5006
MONROE, LA 71211
Phone:(318) 387-3215
Fax:(318) 387-8714
Website:https://federalemployeescu-dn.finan
Branches:1 branch locations
Members:1,373
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62929
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1941
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$22,747,411
CEO/Manager:SHARON K HESTER
Chairperson:SUE SAUCER

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,030,038
TOTAL INVESTMENTS 9,442,258
Loans Held for Sale 0
 
 Real Estate Loans 82,298
 Unsecured Loans 1,424,718
 Other Loans 9,833,758
 TOTAL LOANS 11,970,970
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -112,766
 Land And Building 225,407
 Other Fixed Assets 4,273
 NCUSIF Deposit 150,170
 All Other Assets 37,061
  TOTAL ASSETS 22,747,411
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 76,976
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,817,215
 Regular shares 10,031,183
 All Other Shares & Deposits 4,325,961
  TOTAL SHARES & DEPOSITS 16,174,359
  TOTAL LIABILITIES 16,251,335
 Regular Reserve 1,054,269
 Other Reserves 0
 Undivided Earnings 5,441,807
  TOTAL EQUITY 6,496,076
  TOTAL LIABILITIES, SHARES, & EQUITY 22,747,411
INCOME & EXPENSE  
 Loan Income 483,249
 Investment Income 35,635
 Other Income 61,137
 Total Employee Compensation & Benefits 251,961
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 167,221
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 31,658
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 215,942
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