Jun, 30, 2024 — ACADIAN FEDERAL CREDIT UNION is a federal credit union headquartered in LAFAYETTE, LA with 1 branch location and about $19.40 million in total assets. Opened 75 years ago in 1950, ACADIAN FEDERAL CREDIT UNION has about 3,321 members and employs 7 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: | https://www.acadianfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,321 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,403,452 |
| CEO/Manager: | Sandra C Williams |
| Chairperson: | Bennett Dugas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,034,966 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,278,345 |
| Unsecured Loans | 974,685 |
| Other Loans | 7,841,995 |
| TOTAL LOANS | 11,095,025 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,844 |
| Land And Building | 501,462 |
| Other Fixed Assets | 15,146 |
| NCUSIF Deposit | 175,535 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,403,452 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 53,039 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,944,430 |
| Regular shares | 10,080,471 |
| All Other Shares & Deposits | 4,847,049 |
| TOTAL SHARES & DEPOSITS | 17,871,950 |
| TOTAL LIABILITIES | 17,924,989 |
| Regular Reserve | 0 |
| Other Reserves | 397,180 |
| Undivided Earnings | 1,081,283 |
| TOTAL EQUITY | 1,478,463 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,403,452 |
| INCOME & EXPENSE | |
| Loan Income | 367,088 |
| Investment Income | 37,066 |
| Other Income | 144,295 |
| Total Employee Compensation & Benefits | 235,984 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 336,971 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,188 |
| Cost of Funds | 13,776 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,105 |
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