Dec, 31, 2023 — DAVISON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SULPHUR, LA with 1 branch location and about $4.73 million in total assets. Opened 71 years ago in 1953, DAVISON EMPLOYEES FEDERAL CREDIT UNION has about 670 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DAVISON EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1800 Davison Rd SULPHUR, LA 70665-5600 |
| Phone: | (337) 583-3575 |
| Fax: | (337) 583-3472 |
| Website: | https://davisonfcu.com |
| Branches: | 1 branch locations |
| Members: | 670 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8967 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,731,301 |
| CEO/Manager: | Cherie K Chretien |
| Chairperson: | Maurice Wimberley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 483,953 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 612,906 |
| Other Loans | 3,131,128 |
| TOTAL LOANS | 3,744,034 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,873 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 32,161 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,731,301 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,674,831 |
| All Other Shares & Deposits | 45,215 |
| TOTAL SHARES & DEPOSITS | 3,720,046 |
| TOTAL LIABILITIES | 3,738,642 |
| Regular Reserve | 0 |
| Other Reserves | 87,592 |
| Undivided Earnings | 905,067 |
| TOTAL EQUITY | 992,659 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,731,301 |
| INCOME & EXPENSE | |
| Loan Income | 273,536 |
| Investment Income | 24,420 |
| Other Income | 11,466 |
| Total Employee Compensation & Benefits | 110,889 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 102,288 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
| Cost of Funds | 45,648 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 57,228 |
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» See also Statement of Financial Condition