Dec, 31, 2023 — IMMACULATE HEART OF MARY CREDIT UNION is a federally insured state chartered credit union headquartered in LAFAYETTE, LA with 1 branch location and about $675,647 in total assets. Opened 82 years ago in 1942, IMMACULATE HEART OF MARY CREDIT UNION has about 375 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | IMMACULATE HEART OF MARY CREDIT UNION |
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Address: (Main Office) | 818 12th St LAFAYETTE, LA 70501-6118 |
Phone: | (337) 593-0591 |
Fax: | (337) 593-0592 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 375 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63143 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $675,647 |
CEO/Manager: | Carol A Gaines |
Chairperson: | J. Cedric Dauphin |
ASSETS: | $ Amount |
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Cash & Equivalents | 168,640 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 10,328 |
Other Loans | 107,844 |
TOTAL LOANS | 118,172 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,200 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 5,120 |
All Other Assets | 0 |
TOTAL ASSETS | 675,647 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,223 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,157 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 494,339 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 494,339 |
TOTAL LIABILITIES | 496,719 |
Regular Reserve | 0 |
Other Reserves | 64,734 |
Undivided Earnings | 114,194 |
TOTAL EQUITY | 178,928 |
TOTAL LIABILITIES, SHARES, & EQUITY | 675,647 |
INCOME & EXPENSE | |
Loan Income | 3,637 |
Investment Income | 8,505 |
Other Income | 5 |
Total Employee Compensation & Benefits | 5,575 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,916 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,946 |
Cost of Funds | 1,223 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -22,513 |
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