Dec, 31, 2023 — A L E C FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $7.15 million in total assets. Opened 56 years ago in 1968, A L E C FEDERAL CREDIT UNION has about 770 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | A L E C FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10725 Airline Hwy BATON ROUGE, LA 70816 |
| Phone: | (225) 293-3450 |
| Fax: | (225) 293-3467 |
| Website: | https://www.alecfcu.com |
| Branches: | 1 branch locations |
| Members: | 770 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19131 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,154,168 |
| CEO/Manager: | ROBIN PLUNKET |
| Chairperson: | JOE L LEE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 531,984 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 791,802 |
| Other Loans | 569,383 |
| TOTAL LOANS | 1,361,185 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,213 |
| Land And Building | 0 |
| Other Fixed Assets | 8 |
| NCUSIF Deposit | 59,289 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,154,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,966 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,289,884 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,289,884 |
| TOTAL LIABILITIES | 5,318,850 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,835,318 |
| TOTAL EQUITY | 1,835,318 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,154,168 |
| INCOME & EXPENSE | |
| Loan Income | 117,016 |
| Investment Income | 168,880 |
| Other Income | 709 |
| Total Employee Compensation & Benefits | 159,723 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 66,616 |
| Non-operating Income & (Expense) | 2,975 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 13,660 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,581 |
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