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COGIC CREDIT UNION

Mar, 31, 2022 — COGIC CREDIT UNION is a federally insured state chartered credit union headquartered in LAFAYETTE, LA with 1 branch location and about $467,011 in total assets. Opened 41 years ago in 1981, COGIC CREDIT UNION has about 331 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COGIC CREDIT UNION
Address:
(Main Office)
701 E Pinhook Rd
LAFAYETTE, LA 70501
Phone:(337) 504-3502
Fax:(337) 504-3639
Website:n/a
Branches:1 branch locations
Members:331
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65780
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1981
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$467,011
CEO/Manager:Paula A Duncan
Chairperson:Donald Piper

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 169,526
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 74,804
 Other Loans 62,892
 TOTAL LOANS 137,696
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,863
 Land And Building 0
 Other Fixed Assets 7,576
 NCUSIF Deposit 3,727
 All Other Assets 0
  TOTAL ASSETS 467,011
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 432,624
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 432,624
  TOTAL LIABILITIES 432,624
 Regular Reserve 0
 Other Reserves 10,877
 Undivided Earnings 23,510
  TOTAL EQUITY 34,387
  TOTAL LIABILITIES, SHARES, & EQUITY 467,011
INCOME & EXPENSE  
 Loan Income 2,725
 Investment Income 1,065
 Other Income 340
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,672
 Non-operating Income & (Expense) 3,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -542
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