Dec, 31, 2023 — XAVIER UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $1.61 million in total assets. Opened 65 years ago in 1959, XAVIER UNIVERSITY FEDERAL CREDIT UNION has about 402 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | XAVIER UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 909 S Norman C Francis Pkwy Rm 401 NEW ORLEANS, LA 70125-1256 |
| Phone: | (504) 520-7640 |
| Fax: | (504) 520-7913 |
| Website: | https://www.xula.edu |
| Branches: | 1 branch locations |
| Members: | 402 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12748 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,614,915 |
| CEO/Manager: | Joyce Sandifer |
| Chairperson: | Dennis Sigur |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 733,169 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 217,807 |
| Other Loans | 435,122 |
| TOTAL LOANS | 652,929 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,083 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 15,137 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,614,915 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 526 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,455,006 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,455,006 |
| TOTAL LIABILITIES | 1,455,532 |
| Regular Reserve | 0 |
| Other Reserves | 28,079 |
| Undivided Earnings | 131,304 |
| TOTAL EQUITY | 159,383 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,614,915 |
| INCOME & EXPENSE | |
| Loan Income | 38,341 |
| Investment Income | 32,416 |
| Other Income | 1,169 |
| Total Employee Compensation & Benefits | 9,050 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,796 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 97,617 |
| Cost of Funds | 4,963 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -59,280 |
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