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DAVISON EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — DAVISON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SULPHUR, LA with 1 branch location and about $3.53 million in total assets. Opened 68 years ago in 1953, DAVISON EMPLOYEES FEDERAL CREDIT UNION has about 606 members 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)
PO BOX 2358
SULPHUR, LA 70664
Phone:(337) 583-3575
Fax:(337) 583-3472
Website:n/a
Branches:1 branch locations
Members:606
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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,527,091
CEO/Manager:Cherie K Chretien
Chairperson:Maurice Wimberley

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 817,057
TOTAL INVESTMENTS 417,017
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 421,305
 Other Loans 1,874,559
 TOTAL LOANS 2,295,864
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -23,272
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 21,369
 All Other Assets -944
  TOTAL ASSETS 3,527,091
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 2,598,743
 All Other Shares & Deposits 101,373
  TOTAL SHARES & DEPOSITS 2,700,116
  TOTAL LIABILITIES 2,700,116
 Regular Reserve 116,416
 Other Reserves 93,987
 Undivided Earnings 616,572
  TOTAL EQUITY 826,975
  TOTAL LIABILITIES, SHARES, & EQUITY 3,527,091
INCOME & EXPENSE  
 Loan Income 41,906
 Investment Income 420
 Other Income 981
 Total Employee Compensation & Benefits 20,483
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,633
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 900
 Cost of Funds 599
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,418
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