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 |
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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 |
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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 |
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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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