SPELC FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.spelcfcu.com for more information.
Dec, 31, 2023 — SPELC FEDERAL CREDIT UNION is a federal credit union headquartered in LAKE CHARLES, LA with 1 branch location and about $13.58 million in total assets. Opened 68 years ago in 1956, SPELC FEDERAL CREDIT UNION has about 1,674 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPELC FEDERAL CREDIT UNION |
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Address: (Main Office) | 317 W 18TH ST LAKE CHARLES, LA 70601-8458 |
Phone: | (337) 436-2257 |
Fax: | (337) 433-0979 |
Website: | https://www.spelcfcu.com |
Branches: | 1 branch locations |
Members: | 1,674 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11203 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Aug 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,575,521 |
CEO/Manager: | LAURA MELANCON |
Chairperson: | BETH FREY |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,996,652 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 388,753 |
Unsecured Loans | 600,560 |
Other Loans | 6,215,122 |
TOTAL LOANS | 7,204,435 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,935 |
Land And Building | 127,761 |
Other Fixed Assets | 3,497 |
NCUSIF Deposit | 134,075 |
All Other Assets | 0 |
TOTAL ASSETS | 13,575,521 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,136 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,742,923 |
Regular shares | 10,707,290 |
All Other Shares & Deposits | 164,958 |
TOTAL SHARES & DEPOSITS | 12,615,171 |
TOTAL LIABILITIES | 12,620,307 |
Regular Reserve | 0 |
Other Reserves | 333,481 |
Undivided Earnings | 621,733 |
TOTAL EQUITY | 955,214 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,575,521 |
INCOME & EXPENSE | |
Loan Income | 182,529 |
Investment Income | 17,768 |
Other Income | 41,505 |
Total Employee Compensation & Benefits | 121,520 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 153,460 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,500 |
Cost of Funds | 2,309 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -32,824 |
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