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COGIC CREDIT UNION

Dec, 31, 2023 — COGIC CREDIT UNION is a federally insured state chartered credit union headquartered in LAFAYETTE, LA with 1 branch location and about $469,353 in total assets. Opened 43 years ago in 1981, COGIC CREDIT UNION has about 266 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COGIC CREDIT UNION
Address:
(Main Office)
701 E Pinhook Rd
LAFAYETTE, LA 70501
Phone:(337) 504-3502
Fax:(337) 504-3639
Website:https://cogicccreditunion.org
Branches:1 branch locations
Members:266
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65780
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1981
Last Audited:Apr 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$469,353
CEO/Manager:Paula A Duncan
Chairperson:Donald Piper

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 150,473
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 14,828
 Unsecured Loans 40,498
 Other Loans 103,278
 TOTAL LOANS 158,604
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,863
 Land And Building 0
 Other Fixed Assets 9,340
 NCUSIF Deposit 4,398
 All Other Assets 0
  TOTAL ASSETS 469,353
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 439,466
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 439,466
  TOTAL LIABILITIES 439,466
 Regular Reserve 0
 Other Reserves 9,296
 Undivided Earnings 20,591
  TOTAL EQUITY 29,887
  TOTAL LIABILITIES, SHARES, & EQUITY 469,353
INCOME & EXPENSE  
 Loan Income 8,768
 Investment Income 5,922
 Other Income 2,343
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 31,797
 Non-operating Income & (Expense) 12,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -89
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