Dec, 31, 2023 — CABOT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in VILLE PLATTE, LA with 1 branch location and about $503,426 in total assets. Opened 68 years ago in 1956, CABOT EMPLOYEES CREDIT UNION has about 69 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CABOT EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2066 Cabot Rd VILLE PLATTE, LA 70586 |
| Phone: | (337) 363-8935 |
| Fax: | (337) 363-1706 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 69 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62896 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $503,426 |
| CEO/Manager: | Peggy A Tate |
| Chairperson: | Rhonda Deshotels |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,034 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 20,865 |
| Other Loans | 171,604 |
| TOTAL LOANS | 192,469 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,973 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 5,824 |
| All Other Assets | 0 |
| TOTAL ASSETS | 503,426 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 443,234 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 443,234 |
| TOTAL LIABILITIES | 443,265 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 60,161 |
| TOTAL EQUITY | 60,161 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 503,426 |
| INCOME & EXPENSE | |
| Loan Income | 8,078 |
| Investment Income | 10,704 |
| Other Income | 490 |
| Total Employee Compensation & Benefits | 15,502 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,984 |
| Non-operating Income & (Expense) | 8,908 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,270 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,424 |
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