Jun, 30, 2021 — ACADIAN FEDERAL CREDIT UNION is a federal credit union headquartered in Lafayette, LA with 1 branch location and about $19.15 million in total assets. Opened 71 years ago in 1950, ACADIAN FEDERAL CREDIT UNION has about 3,337 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: | http://www.acadianfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,337 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,148,418 |
| CEO/Manager: | Sandra C Williams |
| Chairperson: | Bennett Dugas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,626,845 |
| TOTAL INVESTMENTS | 2,407,648 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,369,910 |
| Unsecured Loans | 841,925 |
| Other Loans | 7,153,081 |
| TOTAL LOANS | 10,364,916 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,904 |
| Land And Building | 516,185 |
| Other Fixed Assets | 24,883 |
| NCUSIF Deposit | 165,833 |
| All Other Assets | 77,012 |
| TOTAL ASSETS | 19,148,418 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 55,728 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,918,251 |
| Regular shares | 9,760,074 |
| All Other Shares & Deposits | 4,943,756 |
| TOTAL SHARES & DEPOSITS | 17,622,081 |
| TOTAL LIABILITIES | 17,677,809 |
| Regular Reserve | 397,180 |
| Other Reserves | 0 |
| Undivided Earnings | 1,073,429 |
| TOTAL EQUITY | 1,470,609 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,148,418 |
| INCOME & EXPENSE | |
| Loan Income | 250,324 |
| Investment Income | 7,697 |
| Other Income | 98,864 |
| Total Employee Compensation & Benefits | 177,065 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 208,986 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,486 |
| Cost of Funds | 13,093 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,465 |
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