Dec, 31, 2023 — DEPARTMENT OF CORRECTIONS CREDIT UNION is a federally insured state chartered credit union headquartered in BATON ROUGE, LA with 10 branch locations and about $109.12 million in total assets. Opened 67 years ago in 1957, DEPARTMENT OF CORRECTIONS CREDIT UNION has about 13,596 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DEPARTMENT OF CORRECTIONS CREDIT UNION |
|---|---|
| Address: (Main Office) | 704 Mayflower St BATON ROUGE, LA 70802-6423 |
| Phone: | (225) 342-6618 |
| Fax: | (225) 342-4088 |
| Website: | https://www.doccu.org |
| Branches: | 10 branch locations |
| Members: | 13,596 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62808 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $109,115,586 |
| CEO/Manager: | Ellen S Dunn |
| Chairperson: | Burl Cain |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,008,422 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,026,275 |
| Unsecured Loans | 12,567,804 |
| Other Loans | 41,275,565 |
| TOTAL LOANS | 71,869,644 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -710,856 |
| Land And Building | 0 |
| Other Fixed Assets | 2,247,413 |
| NCUSIF Deposit | 854,907 |
| All Other Assets | 0 |
| TOTAL ASSETS | 109,115,586 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55,745 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 596,651 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,751,671 |
| Regular shares | 40,507,474 |
| All Other Shares & Deposits | 29,706,709 |
| TOTAL SHARES & DEPOSITS | 84,965,854 |
| TOTAL LIABILITIES | 85,618,250 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 23,497,336 |
| TOTAL EQUITY | 23,497,336 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 109,115,586 |
| INCOME & EXPENSE | |
| Loan Income | 4,960,817 |
| Investment Income | 1,328,926 |
| Other Income | 1,810,837 |
| Total Employee Compensation & Benefits | 3,313,516 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,090,370 |
| Non-operating Income & (Expense) | -6,060 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 225,300 |
| Cost of Funds | 650,403 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,258,990 |
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