Dec, 31, 2023 — ENGAGE FEDERAL CREDIT UNION is a federal credit union headquartered in NATCHITOCHES, LA with 1 branch location and about $22.14 million in total assets. Opened 49 years ago in 1975, ENGAGE FEDERAL CREDIT UNION has about 2,804 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ENGAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 256 Highway 3175 Byp NATCHITOCHES, LA 71457-9601 |
| Phone: | (318) 238-7762 |
| Fax: | (318) 238-7769 |
| Website: | https://www.engagefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,804 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22005 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,142,787 |
| CEO/Manager: | kathy l deloney |
| Chairperson: | steve nichols |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,295,153 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,202,784 |
| Other Loans | 16,895,013 |
| TOTAL LOANS | 18,097,797 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -198,563 |
| Land And Building | 448,995 |
| Other Fixed Assets | 41,321 |
| NCUSIF Deposit | 136,123 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,142,787 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,345 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,498,593 |
| Regular shares | 6,103,884 |
| All Other Shares & Deposits | 8,308,374 |
| TOTAL SHARES & DEPOSITS | 16,910,851 |
| TOTAL LIABILITIES | 16,929,196 |
| Regular Reserve | 0 |
| Other Reserves | 600,000 |
| Undivided Earnings | 4,613,591 |
| TOTAL EQUITY | 5,213,591 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,142,787 |
| INCOME & EXPENSE | |
| Loan Income | 938,094 |
| Investment Income | 40,791 |
| Other Income | 297,495 |
| Total Employee Compensation & Benefits | 423,138 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 337,862 |
| Non-operating Income & (Expense) | 174,015 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 226,786 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 380,163 |
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