Dec, 31, 2023 — MONROE TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in WEST MONROE, LA with 2 branch locations and about $50.06 million in total assets. Opened 88 years ago in 1936, MONROE TELCO FEDERAL CREDIT UNION has about 3,565 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MONROE TELCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 4705 Cypress St WEST MONROE, LA 71291-7511 |
Phone: | (318) 397-4243 |
Fax: | (318) 397-4271 |
Website: | https://www.monroetelcofcu.org |
Branches: | 2 branch locations |
Members: | 3,565 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1725 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $50,063,680 |
CEO/Manager: | Crystal G White |
Chairperson: | Louis ""Bo"" Leporati |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,265,728 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,571,996 |
Unsecured Loans | 2,349,648 |
Other Loans | 18,232,666 |
TOTAL LOANS | 22,154,309 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,442 |
Land And Building | 1,029,020 |
Other Fixed Assets | 6,579 |
NCUSIF Deposit | 439,194 |
All Other Assets | 0 |
TOTAL ASSETS | 50,063,680 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 447,408 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,943,498 |
Regular shares | 27,383,829 |
All Other Shares & Deposits | 6,368,806 |
TOTAL SHARES & DEPOSITS | 43,696,132 |
TOTAL LIABILITIES | 44,143,540 |
Regular Reserve | 0 |
Other Reserves | 754,165 |
Undivided Earnings | 5,165,975 |
TOTAL EQUITY | 5,920,140 |
TOTAL LIABILITIES, SHARES, & EQUITY | 50,063,680 |
INCOME & EXPENSE | |
Loan Income | 1,122,393 |
Investment Income | 899,847 |
Other Income | 393,096 |
Total Employee Compensation & Benefits | 724,991 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,106,247 |
Non-operating Income & (Expense) | -12,628 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,760 |
Cost of Funds | 215,599 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 738,073 |
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