Dec, 31, 2023 — CALCASIEU TEACHERS AND EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in LAKE CHARLES, LA with 3 branch locations and about $60.54 million in total assets. Opened 70 years ago in 1954, CALCASIEU TEACHERS AND EMPLOYEES CREDIT UNION has about 4,790 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CALCASIEU TEACHERS AND EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1690 E McNeese St LAKE CHARLES, LA 70607-4822 |
| Phone: | (337) 433-4525 |
| Fax: | |
| Website: | https://www.calteacherscu.com |
| Branches: | 3 branch locations |
| Members: | 4,790 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63142 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,539,592 |
| CEO/Manager: | Jesse Busby |
| Chairperson: | Craig Barber |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,267,875 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,535,001 |
| Unsecured Loans | 2,666,322 |
| Other Loans | 15,541,046 |
| TOTAL LOANS | 26,742,369 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -174,209 |
| Land And Building | 3,431,563 |
| Other Fixed Assets | 228,759 |
| NCUSIF Deposit | 528,099 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,539,592 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 81,814 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,554,286 |
| Regular shares | 40,604,003 |
| All Other Shares & Deposits | 6,356,922 |
| TOTAL SHARES & DEPOSITS | 51,515,212 |
| TOTAL LIABILITIES | 51,597,026 |
| Regular Reserve | 0 |
| Other Reserves | 1,950,425 |
| Undivided Earnings | 6,992,141 |
| TOTAL EQUITY | 8,942,566 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,539,592 |
| INCOME & EXPENSE | |
| Loan Income | 1,276,553 |
| Investment Income | 1,198,639 |
| Other Income | 101,806 |
| Total Employee Compensation & Benefits | 844,663 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 735,927 |
| Non-operating Income & (Expense) | 1,603 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 105,915 |
| Cost of Funds | 150,123 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 821,676 |
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