Dec, 31, 2023 — L'OREAL USA FEDERAL CREDIT UNION is a federal credit union headquartered in CLARK, NJ with 1 branch location and about $23.07 million in total assets. Opened 52 years ago in 1972, L'OREAL USA FEDERAL CREDIT UNION has about 1,946 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L'OREAL USA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 Terminal Ave CLARK, NJ 07066 |
| Phone: | (732) 499-6679 |
| Fax: | (732) 574-9148 |
| Website: | https://www.lorealusafcu.com |
| Branches: | 1 branch locations |
| Members: | 1,946 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21109 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,068,371 |
| CEO/Manager: | Sandra R Schwalb |
| Chairperson: | Robert H Schwalb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,064,014 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,742,402 |
| Unsecured Loans | 1,481,189 |
| Other Loans | 3,728,152 |
| TOTAL LOANS | 8,951,743 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -171,500 |
| Land And Building | 0 |
| Other Fixed Assets | 39,533 |
| NCUSIF Deposit | 197,008 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,068,371 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -24,019 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,754,306 |
| Regular shares | 12,511,490 |
| All Other Shares & Deposits | 337,321 |
| TOTAL SHARES & DEPOSITS | 17,603,116 |
| TOTAL LIABILITIES | 17,579,119 |
| Regular Reserve | 0 |
| Other Reserves | 203,641 |
| Undivided Earnings | 5,285,611 |
| TOTAL EQUITY | 5,489,252 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,068,371 |
| INCOME & EXPENSE | |
| Loan Income | 470,182 |
| Investment Income | 181,196 |
| Other Income | 72,591 |
| Total Employee Compensation & Benefits | 653,404 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 273,569 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 32,936 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -201,943 |
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