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MONROE TELCO FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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