Dec, 31, 2022 — LES FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 2 branch locations and about $44.17 million in total assets. Opened 73 years ago in 1950, LES FEDERAL CREDIT UNION has about 5,000 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: | 5,000 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,174,319 |
| CEO/Manager: | Jackie Patin |
| Chairperson: | Lawrence A White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,675,255 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,644,257 |
| Unsecured Loans | 3,514,315 |
| Other Loans | 15,034,493 |
| TOTAL LOANS | 23,193,065 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -229,215 |
| Land And Building | 882,406 |
| Other Fixed Assets | 36,162 |
| NCUSIF Deposit | 366,340 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,174,319 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,263 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 229,566 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,946,471 |
| Regular shares | 26,477,554 |
| All Other Shares & Deposits | 5,925,528 |
| TOTAL SHARES & DEPOSITS | 39,349,553 |
| TOTAL LIABILITIES | 39,600,382 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,573,937 |
| TOTAL EQUITY | 4,573,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,174,319 |
| INCOME & EXPENSE | |
| Loan Income | 1,065,254 |
| Investment Income | 69,490 |
| Other Income | 171,437 |
| Total Employee Compensation & Benefits | 553,167 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 525,819 |
| Non-operating Income & (Expense) | -108 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,000 |
| Cost of Funds | 44,517 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 206,914 |
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