Jun, 30, 2021 — LES FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $42.18 million in total assets. Opened 71 years ago in 1950, LES FEDERAL CREDIT UNION has about 4,953 members and employs 10 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) | PO BOX 44201 BATON ROUGE, LA 70804-4201 |
| Phone: | (225) 342-3288 |
| Fax: | (225) 342-3289 |
| Website: | http://www.lesfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,953 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,176,408 |
| CEO/Manager: | Jackie Patin |
| Chairperson: | Lawrence A White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,144,701 |
| TOTAL INVESTMENTS | 17,746,262 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,324,988 |
| Unsecured Loans | 3,406,464 |
| Other Loans | 14,103,018 |
| TOTAL LOANS | 20,834,470 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -197,863 |
| Land And Building | 901,701 |
| Other Fixed Assets | 54,395 |
| NCUSIF Deposit | 346,022 |
| All Other Assets | 346,720 |
| TOTAL ASSETS | 42,176,408 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,606 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 202,821 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,628,696 |
| Regular shares | 25,369,776 |
| All Other Shares & Deposits | 5,774,724 |
| TOTAL SHARES & DEPOSITS | 37,773,196 |
| TOTAL LIABILITIES | 38,000,623 |
| Regular Reserve | 899,354 |
| Other Reserves | 0 |
| Undivided Earnings | 3,276,431 |
| TOTAL EQUITY | 4,175,785 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,176,408 |
| INCOME & EXPENSE | |
| Loan Income | 624,372 |
| Investment Income | 48,608 |
| Other Income | 106,489 |
| Total Employee Compensation & Benefits | 370,911 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 340,034 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,500 |
| Cost of Funds | 32,371 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,053 |
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