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SOUTHWEST LOUISIANA CREDIT UNION (SWLACU)

Dec, 31, 2023 — SOUTHWEST LOUISIANA CREDIT UNION (SWLACU) is a federally insured state chartered credit union headquartered in LAKE CHARLES, LA with 4 branch locations and about $171.97 million in total assets. Opened 72 years ago in 1952, SOUTHWEST LOUISIANA CREDIT UNION (SWLACU) has about 18,741 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265274749
Name:SOUTHWEST LOUISIANA CREDIT UNION
Address:
(Main Office)
2255 E McNeese St
LAKE CHARLES, LA 70607
Phone:(337) 477-9190
Fax:
Website:https://www.swlacu.com
Branches:4 branch locations
Members:18,741
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62756
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$171,969,480
CEO/Manager:Chad Miller
Chairperson:Robert Collins

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,649,060
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 50,011,618
 Unsecured Loans 17,022,673
 Other Loans 63,137,932
 TOTAL LOANS 135,318,675
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,915,165
 Land And Building 8,615,600
 Other Fixed Assets 936,539
 NCUSIF Deposit 1,413,739
 All Other Assets 64,250
  TOTAL ASSETS 171,969,480
LIABILITIES & CAPITAL:  
 Dividends Payable 2,786
 Notes & Interest Payable 1,374,157
 Accounts Payable & Other Liabilities 4,892,818
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 3,500,000
 Share Drafts 23,923,593
 Regular shares 81,780,071
 All Other Shares & Deposits 35,927,138
  TOTAL SHARES & DEPOSITS 141,630,801
  TOTAL LIABILITIES 151,400,562
 Regular Reserve 0
 Other Reserves 3,371,255
 Undivided Earnings 17,197,663
  TOTAL EQUITY 20,568,918
  TOTAL LIABILITIES, SHARES, & EQUITY 171,969,480
INCOME & EXPENSE  
 Loan Income 8,612,353
 Investment Income 382,705
 Other Income 2,864,489
 Total Employee Compensation & Benefits 5,312,083
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,519,124
 Non-operating Income & (Expense) 500,345
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,538,132
 Cost of Funds 1,417,177
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 865,377
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