Dec, 31, 2023 — FOURTH WARD FEDERAL CREDIT UNION is a federal credit union headquartered in AMITE, LA with 1 branch location and about $994,248 in total assets. Opened 72 years ago in 1952, FOURTH WARD FEDERAL CREDIT UNION has about 211 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOURTH WARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 60233 Smilin Acres Rd AMITE, LA 70422-3841 |
| Phone: | (985) 517-6162 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 211 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7877 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $994,248 |
| CEO/Manager: | Rachel Mixon |
| Chairperson: | John Simmons |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,929 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 129,672 |
| Other Loans | 300,461 |
| TOTAL LOANS | 472,104 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,374 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 9,314 |
| All Other Assets | 0 |
| TOTAL ASSETS | 994,248 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 887,672 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 887,672 |
| TOTAL LIABILITIES | 887,672 |
| Regular Reserve | 0 |
| Other Reserves | 106,576 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 106,576 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 994,248 |
| INCOME & EXPENSE | |
| Loan Income | 41,183 |
| Investment Income | 24,211 |
| Other Income | 18 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,057 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 31,983 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,372 |
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