Dec, 31, 2023 — GREATER NEW ORLEANS FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 3 branch locations and about $163.92 million in total assets. Opened 89 years ago in 1935, GREATER NEW ORLEANS FEDERAL CREDIT UNION has about 14,824 members and employs 55 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER NEW ORLEANS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3105 Lime St METAIRIE, LA 70006 |
| Phone: | (504) 454-8224 |
| Fax: | (504) 459-8132 |
| Website: | https://www.gnofcu.com |
| Branches: | 3 branch locations |
| Members: | 14,824 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 404 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $163,915,172 |
| CEO/Manager: | Shelley Sanders |
| Chairperson: | Wayne M Aufrecht |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,059,550 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,480,547 |
| Unsecured Loans | 13,076,849 |
| Other Loans | 84,146,233 |
| TOTAL LOANS | 136,703,629 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,472,042 |
| Land And Building | 3,666,354 |
| Other Fixed Assets | 364,164 |
| NCUSIF Deposit | 1,282,397 |
| All Other Assets | 342,000 |
| TOTAL ASSETS | 163,915,172 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,734,419 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,700,459 |
| Regular shares | 48,795,021 |
| All Other Shares & Deposits | 67,216,212 |
| TOTAL SHARES & DEPOSITS | 140,711,692 |
| TOTAL LIABILITIES | 143,446,111 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 20,469,061 |
| TOTAL EQUITY | 20,469,061 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 163,915,172 |
| INCOME & EXPENSE | |
| Loan Income | 6,904,050 |
| Investment Income | 454,496 |
| Other Income | 1,454,165 |
| Total Employee Compensation & Benefits | 3,983,704 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,012,967 |
| Non-operating Income & (Expense) | 498,295 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 555,558 |
| Cost of Funds | 1,577,946 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,437,055 |
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