WHITE GOLD CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — WHITE GOLD CREDIT UNION is a federally insured state chartered credit union headquartered in Raceland, LA with 1 branch location and about $418,424 in total assets. Opened 69 years ago in 1955, WHITE GOLD CREDIT UNION has about 152 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WHITE GOLD CREDIT UNION |
|---|---|
| Address: (Main Office) | Post Office Box 431 Raceland, LA 70394 |
| Phone: | (985) 518-8738 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 152 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62817 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Oct 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $418,424 |
| CEO/Manager: | Charlotte Foret |
| Chairperson: | Ernest Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 47,617 |
| TOTAL INVESTMENTS | 2,407 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 36,014 |
| Other Loans | 274,623 |
| TOTAL LOANS | 310,637 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,088 |
| Land And Building | 56,500 |
| Other Fixed Assets | 1,884 |
| NCUSIF Deposit | 2,888 |
| All Other Assets | 1,579 |
| TOTAL ASSETS | 418,424 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 43,000 |
| Accounts Payable & Other Liabilities | 20,000 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 237,412 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 237,412 |
| TOTAL LIABILITIES | 300,412 |
| Regular Reserve | 31,967 |
| Other Reserves | 0 |
| Undivided Earnings | 86,045 |
| TOTAL EQUITY | 118,012 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 418,424 |
| INCOME & EXPENSE | |
| Loan Income | 15,470 |
| Investment Income | 10 |
| Other Income | 5,483 |
| Total Employee Compensation & Benefits | 7,622 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,305 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 532 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,496 |
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