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FEDERAL EMPLOYEES CREDIT UNION

Mar, 31, 2021 — FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MONROE, LA with 1 branch location and about $22.30 million in total assets. Opened 80 years ago in 1941, FEDERAL EMPLOYEES CREDIT UNION has about 1,371 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:http://www.federalemployeescu.com
Branches:1 branch locations
Members:1,371
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$22,299,368
CEO/Manager:SHARON K HESTER
Chairperson:SUE SAUCER

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,688,046
TOTAL INVESTMENTS 8,452,258
Loans Held for Sale 0
 
 Real Estate Loans 87,938
 Unsecured Loans 1,498,932
 Other Loans 9,698,040
 TOTAL LOANS 11,849,390
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -106,117
 Land And Building 234,162
 Other Fixed Assets 5,484
 NCUSIF Deposit 126,732
 All Other Assets 49,413
  TOTAL ASSETS 22,299,368
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 65,340
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,817,871
 Regular shares 9,714,108
 All Other Shares & Deposits 4,362,187
  TOTAL SHARES & DEPOSITS 15,894,166
  TOTAL LIABILITIES 15,959,506
 Regular Reserve 1,054,269
 Other Reserves 0
 Undivided Earnings 5,285,593
  TOTAL EQUITY 6,339,862
  TOTAL LIABILITIES, SHARES, & EQUITY 22,299,368
INCOME & EXPENSE  
 Loan Income 161,657
 Investment Income 17,360
 Other Income 19,362
 Total Employee Compensation & Benefits 81,089
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 51,867
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 11,929
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 59,728
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