SACRED HEART FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://sacredheartfcu.org for more information.
Dec, 31, 2023 — SACRED HEART FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 1 branch location and about $873,329 in total assets. Opened 85 years ago in 1939, SACRED HEART FEDERAL CREDIT UNION has about 187 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SACRED HEART FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 1191 METAIRIE, LA 70004 |
| Phone: | (504) 836-6122 |
| Fax: | (504) 910-3084 |
| Website: | https://sacredheartfcu.org |
| Branches: | 1 branch locations |
| Members: | 187 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3069 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jun 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $873,329 |
| CEO/Manager: | Gerard A Chutz Jr. |
| Chairperson: | Kevin Boudreaux |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 146,647 |
| TOTAL INVESTMENTS | 670,439 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 15,623 |
| Other Loans | 40,367 |
| TOTAL LOANS | 55,990 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,905 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 6,624 |
| All Other Assets | 1,534 |
| TOTAL ASSETS | 873,329 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 459 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 642,109 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 642,109 |
| TOTAL LIABILITIES | 642,568 |
| Regular Reserve | 124,237 |
| Other Reserves | -39,170 |
| Undivided Earnings | 145,694 |
| TOTAL EQUITY | 230,761 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 873,329 |
| INCOME & EXPENSE | |
| Loan Income | 4,132 |
| Investment Income | 4,030 |
| Other Income | 1,004 |
| Total Employee Compensation & Benefits | 11,418 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,197 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,721 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -39,170 |
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