Jun, 30, 2023 — UNION FEDERAL CREDIT UNION is a federal credit union headquartered in FARMERVILLE, LA with 2 branch locations and about $757,083 in total assets. Opened 72 years ago in 1951, UNION FEDERAL CREDIT UNION has about 608 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 802 Martin Luther King Dr FARMERVILLE, LA 71241 |
| Phone: | (318) 368-8175 |
| Fax: | (318) 368-8179 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 608 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7301 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $757,083 |
| CEO/Manager: | Sonja Johnson Page |
| Chairperson: | Marcus Watley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 271,746 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 40,552 |
| Other Loans | 209,637 |
| TOTAL LOANS | 250,189 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,735 |
| Land And Building | 0 |
| Other Fixed Assets | 3,035 |
| NCUSIF Deposit | 5,503 |
| All Other Assets | 0 |
| TOTAL ASSETS | 757,083 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 93 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,744 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 549,194 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 549,194 |
| TOTAL LIABILITIES | 553,031 |
| Regular Reserve | 0 |
| Other Reserves | 44,864 |
| Undivided Earnings | 159,188 |
| TOTAL EQUITY | 204,052 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 757,083 |
| INCOME & EXPENSE | |
| Loan Income | 11,501 |
| Investment Income | 240 |
| Other Income | 3,292 |
| Total Employee Compensation & Benefits | 18,457 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,181 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 273 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -15,878 |
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