Dec, 31, 2021 — LES FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $43.03 million in total assets. Opened 72 years ago in 1950, LES FEDERAL CREDIT UNION has about 4,947 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: | http://www.lesfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,947 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,030,054 |
| CEO/Manager: | Jackie Patin |
| Chairperson: | Lawrence A White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,341,857 |
| TOTAL INVESTMENTS | 17,416,262 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,850,805 |
| Unsecured Loans | 3,456,474 |
| Other Loans | 14,480,665 |
| TOTAL LOANS | 21,787,944 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,864 |
| Land And Building | 893,983 |
| Other Fixed Assets | 45,671 |
| NCUSIF Deposit | 346,022 |
| All Other Assets | 384,179 |
| TOTAL ASSETS | 43,030,054 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,841 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 194,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,383,998 |
| Regular shares | 25,452,609 |
| All Other Shares & Deposits | 5,612,550 |
| TOTAL SHARES & DEPOSITS | 38,449,157 |
| TOTAL LIABILITIES | 38,663,032 |
| Regular Reserve | 899,354 |
| Other Reserves | 0 |
| Undivided Earnings | 3,467,668 |
| TOTAL EQUITY | 4,367,022 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,030,054 |
| INCOME & EXPENSE | |
| Loan Income | 1,331,829 |
| Investment Income | 67,823 |
| Other Income | 209,930 |
| Total Employee Compensation & Benefits | 748,173 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 686,555 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,500 |
| Cost of Funds | 58,564 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 322,291 |
| ↑ Back to Top | |