2015 ANNUAL REPORT

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2015 ANNUAL REPORT

Federally Insured by National Credit Union Administration

CHAIRMAN & PRESIDENT’S REPORT Eighty years ago, a handful of hard-working folks wanted to find a way to make their dollar worth more. They pooled their savings together and loaned it to friends in exchange for a small amount of interest­—much lower than what the traditional banks were asking. Fast forward to today, and that simple goal has gone unchanged. What has changed is that the “handful” has turned into almost 27,000 advocates of the credit union idea—the idea that the everyday person can use the common good to make a real impact in their lives. 2015 was a record year for Louisiana Federal Credit Union. Here’s why: • By partnering with 57 local businesses and organizations, we ended the year with almost 27,000 members and an opportunity to serve even more families in the River Region. • With almost 13% loan growth, we were able to help your dreams come true. Whether that dream was to purchase a home, take the family on a vacation, go fishing in a new boat, or simply to buy a decent vehicle to drive to and from work, we helped you get there. • Because of the confidence you have in us, Louisiana FCU experienced over 6% growth in shares. Your eagerness to invest and save for the future, led us to a partnership with Ameriprise Financial, offering you a full array of financial planning and investment services.

FINANCIAL PERFORMANCE DIRECTORS Harold "Budd" Manuel Jr., Chairman William "Bill" Collins, 1st Vice Chairman Arthur "Jeff" Lind, 2nd Vice Chairman

We continue to focus our efforts on ensuring that our members have the best possible experience with us. We strive to improve every day and work diligently to meet your needs. We know that you have choices and we want to make sure you choose us. Our ultimate goal is to help you get there, wherever that may be. Harold “Budd” Manuel, Jr., Chairman Rhonda Hotard, President & CEO



INCOME STATEMENT

12/31/2015 12/31/2014

Assets $7,692,268

$11,919,970

Bodin Hugger, Secretary

Time and Interest Bearing Deposits

10,838,075

7,123,075

Frank Granier, Treasurer

Investment Securities - Held to Maturity

14,982,777

20,928,638

Greg "Za" Maurin, Director Zigmund "Ziggy" Sobolewski, Director Melanie Burl, Associate Director Kerry Jones, Associate Director

for Loan Losses

Accrued Interest Receivable NCUSIF Deposit Investment in Corporate Credit Union

148,517,182

131,702,932

376,189

344,179

1,702,887

1,592,622

346,620

346,620

225,000

225,000

Premises and Equipment, Net

8,854,949

7,200,868

Farol Clement, Chairman

Other Assets

1,061,569

1,030,070

Leroy J. St. Pierre

Total Assets

SUPERVISORY COMMITTEE

Loans to Members Investment Securities

$8,015,393

$7,512,417

333,360

267,208

8,348,753

Members’ Shares and Savings Accounts Net Interest Income Provision for Loan Losses

7,779,625

Service Organization

$194,597,516 $182,413,974

877,251

884,607

7,471,502 6,895,018 591,721 944,137

Net Interest Income after

Investment in Credit Union

12/31/2015 12/31/2014

Interest Expense

Loans Receivable, Net of Allowance

Interest Income

Cash and Cash Equivalents

• We ended the year with a strong net worth of 10.76% which is unheard of in the industry today. This means we have more capital to invest in better products and services for you, our members. • Our commitment to the community continues to drive us. Last year, our staff spent more than 725 hours volunteering. We understand that being a part of the community means more than just living or working here. We want to be involved, to get connected, and to make a difference.

BALANCE SHEET

Provision for Loan Losses

Non-Interest Income

6,879,781

5,950,881

5,353,353

4,963,018

9,880,546

8,907,061

$2,352,588

$2,006,838

Non-Interest Expense General and Administrative Net Income

Michael S. Weinberg Liabilities And Members’ Equity

Richard "Dick" Sickels Members’ Shares and Savings

Sherilyn O'Neal

$172,110,068 $162,301,708

Accrued Expenses and Other Liabilities Total Liabilities

1,302,257

1,279,663

$173,412,325 $163,581,371

SENIOR MANAGEMENT Members’ Equity, Substantially Restricted:

Rhonda Hotard, President & CEO Melissa Matherne, Chief Financial Officer Mia Perez, Chief Administrative Officer Deborah Varnam, Chief Operations Officer

Regular Reserve

$1,927,051

1,927,051

Undivided Earnings

19,258,140

16,905,552

Total Members’ Equity

21,185,191

18,832,603

Total Liabilities and Members’ Equity $194,597,516 $182,413,974

725 $35,660 COMMUNITY VOLUNTEER HOURS

DONATED AND INVESTED IN OUR COMMUNITY

CHAIRMAN & PRESIDENT’S REPORT Eighty years ago, a handful of hard-working folks wanted to find a way to make their dollar worth more. They pooled their savings together and loaned it to friends in exchange for a small amount of interest­—much lower than what the traditional banks were asking. Fast forward to today, and that simple goal has gone unchanged. What has changed is that the “handful” has turned into almost 27,000 advocates of the credit union idea—the idea that the everyday person can use the common good to make a real impact in their lives. 2015 was a record year for Louisiana Federal Credit Union. Here’s why: • By partnering with 57 local businesses and organizations, we ended the year with almost 27,000 members and an opportunity to serve even more families in the River Region. • With almost 13% loan growth, we were able to help your dreams come true. Whether that dream was to purchase a home, take the family on a vacation, go fishing in a new boat, or simply to buy a decent vehicle to drive to and from work, we helped you get there. • Because of the confidence you have in us, Louisiana FCU experienced over 6% growth in shares. Your eagerness to invest and save for the future, led us to a partnership with Ameriprise Financial, offering you a full array of financial planning and investment services.

FINANCIAL PERFORMANCE DIRECTORS Harold "Budd" Manuel Jr., Chairman William "Bill" Collins, 1st Vice Chairman Arthur "Jeff" Lind, 2nd Vice Chairman

We continue to focus our efforts on ensuring that our members have the best possible experience with us. We strive to improve every day and work diligently to meet your needs. We know that you have choices and we want to make sure you choose us. Our ultimate goal is to help you get there, wherever that may be. Harold “Budd” Manuel, Jr., Chairman Rhonda Hotard, President & CEO



INCOME STATEMENT

12/31/2015 12/31/2014

Assets $7,692,268

$11,919,970

Bodin Hugger, Secretary

Time and Interest Bearing Deposits

10,838,075

7,123,075

Frank Granier, Treasurer

Investment Securities - Held to Maturity

14,982,777

20,928,638

Greg "Za" Maurin, Director Zigmund "Ziggy" Sobolewski, Director Melanie Burl, Associate Director Kerry Jones, Associate Director

for Loan Losses

Accrued Interest Receivable NCUSIF Deposit Investment in Corporate Credit Union

148,517,182

131,702,932

376,189

344,179

1,702,887

1,592,622

346,620

346,620

225,000

225,000

Premises and Equipment, Net

8,854,949

7,200,868

Farol Clement, Chairman

Other Assets

1,061,569

1,030,070

Leroy J. St. Pierre

Total Assets

SUPERVISORY COMMITTEE

Loans to Members Investment Securities

$8,015,393

$7,512,417

333,360

267,208

8,348,753

Members’ Shares and Savings Accounts Net Interest Income Provision for Loan Losses

7,779,625

Service Organization

$194,597,516 $182,413,974

877,251

884,607

7,471,502 6,895,018 591,721 944,137

Net Interest Income after

Investment in Credit Union

12/31/2015 12/31/2014

Interest Expense

Loans Receivable, Net of Allowance

Interest Income

Cash and Cash Equivalents

• We ended the year with a strong net worth of 10.76% which is unheard of in the industry today. This means we have more capital to invest in better products and services for you, our members. • Our commitment to the community continues to drive us. Last year, our staff spent more than 725 hours volunteering. We understand that being a part of the community means more than just living or working here. We want to be involved, to get connected, and to make a difference.

BALANCE SHEET

Provision for Loan Losses

Non-Interest Income

6,879,781

5,950,881

5,353,353

4,963,018

9,880,546

8,907,061

$2,352,588

$2,006,838

Non-Interest Expense General and Administrative Net Income

Michael S. Weinberg Liabilities And Members’ Equity

Richard "Dick" Sickels Members’ Shares and Savings

Sherilyn O'Neal

$172,110,068 $162,301,708

Accrued Expenses and Other Liabilities Total Liabilities

1,302,257

1,279,663

$173,412,325 $163,581,371

SENIOR MANAGEMENT Members’ Equity, Substantially Restricted:

Rhonda Hotard, President & CEO Melissa Matherne, Chief Financial Officer Mia Perez, Chief Administrative Officer Deborah Varnam, Chief Operations Officer

Regular Reserve

$1,927,051

1,927,051

Undivided Earnings

19,258,140

16,905,552

Total Members’ Equity

21,185,191

18,832,603

Total Liabilities and Members’ Equity $194,597,516 $182,413,974

725 $35,660 COMMUNITY VOLUNTEER HOURS

DONATED AND INVESTED IN OUR COMMUNITY

2015 ANNUAL REPORT

Federally Insured by National Credit Union Administration