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SPELC FEDERAL CREDIT UNION

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.


ABA Routing Number: 265274765
Name:SPELC FEDERAL CREDIT UNION
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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