Financial Reports

2017 Annual Meeting Booklet

2017 Annual Meeting Booklet

Loans to Members$16,900,71115,900,283
Cash and Investments6,382,9586,457,616
Prepaid Assets38,07431,048
Fixed Assets2,303,9482,217,479
Other Assets363,921363,921
Less: ALLL(62,272)(127,614)
Total Assets$25,927,34024,759,939
Accounts Payable$57,92639,967
Taxes Payable76714,693
Regular Shares10,463,83911,399,842
Holiday Club7,2628,104.73
Share Drafts (Checking)1,427,5101,643,509
IRA Certificates5,510,8013,518,666
Certificates of Deposit3,613,4613,228,463
Total Liabilities$21,081,56619,798,586
Total Reserves3,273,3193,273,319
Undivided Earnings1,567,9381,644,267
Unrealized Gain4,518(10,893)
Total Equity4,845,7754,888,894
Total Liabilities & Equity$25,927,34024,759,939
Interest on Loans1,180,7891,102,504
Income from Investments68,88262,829
Other Income318,849304,397
Net Operating Income $ 1,568,520 1,469,730
Operating Expenses1,424,6271,225,507
Dividends Paid on Member Accounts78,46867,580
Interest Paid on Loan290-0-
Provision for Loan Loss60,300101,663
Total Expenses $ 1,563,685 1,394,750
Net Gain/(Loss) (3,775) 1,349
Net Income/(Loss) $1,060 76,329
TOTAL MEMBERS 2,433 2,305
WelcomeEddie Williams
Board Vice Chairman
Pledge of AllegianceRosa Peterson
St. Francisville Branch Manager
Musical SelectionThe New Band
FFCU employee Loyce Smith, Tim Manes,  Roy Mista, Gary Penouilh, James Smith & Paul Taylor
InvocationWilbert Scott
Finance Officer
Call to OrderHarold Henderson
Board Chairman
Minutes from 2016 Annual MeetingBrenda Jones
Board Secretary
Service Award PresentationsGigi Robertson
PresidentHarold Henderson
Board Chairman
10 years …………………………Regina Moore
2 years ………………………Troy Jackson
Musical SelectionIsaiah Robertson
Son of Gigi Robertson
Credit Union HighlightsHarold Henderson
Board Chairman
Directors Elected by Acclamation (3-year term)
Ruby Givens     Eddie Williams     Troy Jackson
Cash DrawingsRuby Givens
Closing PrayerPaul Kershaw
AdjournmentHarold Henderson
Board  Chairman
Refreshments: Bag Lunch’s to Go
Catering by Chef’s to Go

Minutes of 2016 Annual Meeting

Feliciana Federal Credit Union held its 56th Annual Membership Meeting on Saturday, April 23, 2016 at the St. Francisville Branch at 10:00 am. Give-a-ways and an opportunity to win cash via ticket drawings were available to all members. Entertainment was provided by Taylor Harless and Isaiah Robertson. Taylor is a graduating senior of Zachary High School, the daughter of Brandie Guerin, and Granddaughter of Carol and Ray Mayeux. Isaiah Robertson is a 7th grade student at Northwestern Middle School and is the son of the late Oscar Robertson-Jr and Gigi T. Robertson.

Chairman Harold Henderson, Vice-President Kathy Kane and Branch Manager Rosa Peterson presented service awards to the following employees: Patricia Rainey – 5 years (part-time); Cynthia Snowden – 10 years and Gigi T. Robertson- 25 years. A resolution was presented and read in memory of Oscar Robertson –Jr for his support and unwavering dedication to FFCU and the credit union movement in general. Gigi dedicated her service award to her husband of 20 plus years, stating that she would have never married Oscar had she not been introduced to him by his father Oscar Robertson-Sr while working at Feliciana Federal Credit Union (formerly Cee Zee Employees Credit Union in 1993).

Directors re-elected by acclamation for a 3-year term were Jerry Eggert, Harold Henderson and Paul Kershaw. Director Troy Jackson was re-elected by acclamation for a 1- year term to complete the unexpired term of Mrs. Marsha Noland.

After the meeting was adjourned refreshments were served to all in attendance.

Harold Henderson

Brenda Jones

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