Dec, 31, 2023 — TULANE/LOYOLA FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $17.39 million in total assets. Opened 45 years ago in 1979, TULANE/LOYOLA FEDERAL CREDIT UNION has about 3,325 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TULANE/LOYOLA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1440 Canal St Ste 101 NEW ORLEANS, LA 70112-2795 |
| Phone: | (504) 988-7420 |
| Fax: | (504) 988-7413 |
| Website: | https://www.tulane-loyolafcu.com |
| Branches: | 1 branch locations |
| Members: | 3,325 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23540 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,391,714 |
| CEO/Manager: | Willie E Hendricks |
| Chairperson: | Jason Chretien |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 542,258 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,809,118 |
| Unsecured Loans | 2,280,508 |
| Other Loans | 9,547,714 |
| TOTAL LOANS | 13,652,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,835 |
| Land And Building | 0 |
| Other Fixed Assets | 14,563 |
| NCUSIF Deposit | 161,568 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,391,714 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,291 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 523,051 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,088,381 |
| Regular shares | 10,556,575 |
| All Other Shares & Deposits | 564,110 |
| TOTAL SHARES & DEPOSITS | 15,209,066 |
| TOTAL LIABILITIES | 15,736,408 |
| Regular Reserve | 0 |
| Other Reserves | 385,221 |
| Undivided Earnings | 1,270,085 |
| TOTAL EQUITY | 1,655,306 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,391,714 |
| INCOME & EXPENSE | |
| Loan Income | 598,625 |
| Investment Income | 161,186 |
| Other Income | 312,474 |
| Total Employee Compensation & Benefits | 344,108 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 698,811 |
| Non-operating Income & (Expense) | 42,294 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,250 |
| Cost of Funds | 23,493 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,983 |
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