S.A.I.F. FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.saiffcu.com for more information.
Dec, 31, 2023 — S.A.I.F. FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $8.76 million in total assets. Opened 74 years ago in 1950, S.A.I.F. FEDERAL CREDIT UNION has about 1,512 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: | S.A.I.F. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 77959 BATON ROUGE, LA 70879 |
| Phone: | (225) 292-5490 |
| Fax: | (225) 292-7869 |
| Website: | https://www.saiffcu.com |
| Branches: | 1 branch locations |
| Members: | 1,512 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6528 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,758,763 |
| CEO/Manager: | STACY M RATCLIFF |
| Chairperson: | Jerrie Armoney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,265,628 |
| TOTAL INVESTMENTS | 951,030 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,170 |
| Unsecured Loans | 437,635 |
| Other Loans | 3,101,414 |
| TOTAL LOANS | 3,584,219 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,835 |
| Land And Building | 126,835 |
| Other Fixed Assets | 13,500 |
| NCUSIF Deposit | 61,036 |
| All Other Assets | 775,350 |
| TOTAL ASSETS | 8,758,763 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,143 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,068,380 |
| Regular shares | 5,875,450 |
| All Other Shares & Deposits | 1,236,005 |
| TOTAL SHARES & DEPOSITS | 8,179,835 |
| TOTAL LIABILITIES | 8,201,978 |
| Regular Reserve | 440,209 |
| Other Reserves | 0 |
| Undivided Earnings | 116,576 |
| TOTAL EQUITY | 556,785 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,758,763 |
| INCOME & EXPENSE | |
| Loan Income | 41,403 |
| Investment Income | 1,450 |
| Other Income | 26,488 |
| Total Employee Compensation & Benefits | 23,297 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 94,186 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,161 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -51,303 |
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