Dec, 31, 2023 — SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $8.10 million in total assets. Opened 87 years ago in 1937, SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION has about 1,610 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 625 Saint Joseph St # B13 NEW ORLEANS, LA 70165-6500 |
| Phone: | (504) 585-2014 |
| Fax: | |
| Website: | https://www.swbfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,610 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2056 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,101,977 |
| CEO/Manager: | Mindy M Taylor |
| Chairperson: | Joseph Ladek, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 842,007 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 662,757 |
| Other Loans | 3,239,006 |
| TOTAL LOANS | 3,901,763 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,190 |
| Land And Building | 0 |
| Other Fixed Assets | 1,329 |
| NCUSIF Deposit | 88,556 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,101,977 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 53,831 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,302,832 |
| Regular shares | 5,765,582 |
| All Other Shares & Deposits | 405,792 |
| TOTAL SHARES & DEPOSITS | 7,474,206 |
| TOTAL LIABILITIES | 7,528,037 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 573,940 |
| TOTAL EQUITY | 573,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,101,977 |
| INCOME & EXPENSE | |
| Loan Income | 280,984 |
| Investment Income | 143,222 |
| Other Income | 121,411 |
| Total Employee Compensation & Benefits | 248,760 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 361,538 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,350 |
| Cost of Funds | 4,901 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,564 |
| ↑ Back to Top | |