Dec, 31, 2023 — LES FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $42.99 million in total assets. Opened 74 years ago in 1950, LES FEDERAL CREDIT UNION has about 4,993 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 950 N 22nd St Ste C BATON ROUGE, LA 70802 |
| Phone: | (225) 342-3288 |
| Fax: | (225) 342-3289 |
| Website: | https://www.lesfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,993 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6584 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,986,168 |
| CEO/Manager: | Jackie Patin |
| Chairperson: | Lawrence A White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,481,549 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,972,837 |
| Unsecured Loans | 3,613,642 |
| Other Loans | 14,208,461 |
| TOTAL LOANS | 21,794,940 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -269,801 |
| Land And Building | 863,112 |
| Other Fixed Assets | 27,251 |
| NCUSIF Deposit | 368,758 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,986,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 115,037 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 208,619 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,075,790 |
| Regular shares | 24,194,322 |
| All Other Shares & Deposits | 6,454,618 |
| TOTAL SHARES & DEPOSITS | 37,724,730 |
| TOTAL LIABILITIES | 38,048,386 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,937,782 |
| TOTAL EQUITY | 4,937,782 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,986,168 |
| INCOME & EXPENSE | |
| Loan Income | 1,484,637 |
| Investment Income | 744,933 |
| Other Income | 217,677 |
| Total Employee Compensation & Benefits | 812,129 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 702,940 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 175,925 |
| Cost of Funds | 552,634 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 296,491 |
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