Mar, 31, 2022 — ACADIAN FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 1 branch location and about $20.05 million in total assets. Opened 72 years ago in 1950, ACADIAN FEDERAL CREDIT UNION has about 3,330 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACADIAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 102 Sunbeam Ln LAFAYETTE, LA 70506-1521 |
| Phone: | (337) 233-6744 |
| Fax: | (337) 233-4874 |
| Website: | http://www.acadianfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,330 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6898 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,054,954 |
| CEO/Manager: | Sandra C Williams |
| Chairperson: | Bennett Dugas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,565,442 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,182,102 |
| Unsecured Loans | 913,426 |
| Other Loans | 7,102,612 |
| TOTAL LOANS | 10,198,140 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,814 |
| Land And Building | 507,268 |
| Other Fixed Assets | 19,296 |
| NCUSIF Deposit | 165,833 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,054,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 67,558 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,115,276 |
| Regular shares | 10,471,550 |
| All Other Shares & Deposits | 4,915,621 |
| TOTAL SHARES & DEPOSITS | 18,502,447 |
| TOTAL LIABILITIES | 18,570,005 |
| Regular Reserve | 0 |
| Other Reserves | 397,181 |
| Undivided Earnings | 1,087,768 |
| TOTAL EQUITY | 1,484,949 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,054,954 |
| INCOME & EXPENSE | |
| Loan Income | 119,418 |
| Investment Income | 4,061 |
| Other Income | 48,284 |
| Total Employee Compensation & Benefits | 78,030 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 109,660 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 4,697 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,619 |
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