Dec, 31, 2023 — PHI FEDERAL CREDIT UNION (PHI FCU) is a federal credit union headquartered in LAFAYETTE, LA with 1 branch location and about $5.92 million in total assets. Opened 49 years ago in 1975, PHI FEDERAL CREDIT UNION (PHI FCU) has about 1,100 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PHI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 714 E Kaliste Saloom Rd Ste A3 LAFAYETTE, LA 70508-2529 |
| Phone: | (337) 233-2274 |
| Fax: | (337) 232-0026 |
| Website: | https://www.phifcu.com |
| Branches: | 1 branch locations |
| Members: | 1,100 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21879 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,924,428 |
| CEO/Manager: | Sandra A Hall |
| Chairperson: | Kyle Boss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 102,528 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 892,017 |
| Other Loans | 3,748,038 |
| TOTAL LOANS | 4,640,055 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,809 |
| Land And Building | 1,303 |
| Other Fixed Assets | 6,323 |
| NCUSIF Deposit | 57,425 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,924,428 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 656 |
| Notes & Interest Payable | 550,000 |
| Accounts Payable & Other Liabilities | 54,185 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 344,936 |
| Regular shares | 4,440,797 |
| All Other Shares & Deposits | 83,228 |
| TOTAL SHARES & DEPOSITS | 4,868,961 |
| TOTAL LIABILITIES | 5,473,802 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 450,626 |
| TOTAL EQUITY | 450,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,924,428 |
| INCOME & EXPENSE | |
| Loan Income | 216,632 |
| Investment Income | 51,353 |
| Other Income | 25,483 |
| Total Employee Compensation & Benefits | 170,131 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 121,837 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,979 |
| Cost of Funds | 25,183 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -27,715 |
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