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ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION

Dec, 31, 2021 — ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 1 branch location and about $5.16 million in total assets. Opened 67 years ago in 1955, ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION has about 1,435 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION
Address:
(Main Office)
3200 RIDGELAKE DR STE 304
METAIRIE, LA 70002-4960
Phone:(504) 831-1307
Fax:(504) 834-3961
Website:http://ibewlu130.com/credit-union/
Branches:1 branch locations
Members:1,435
Credit Union Type:Federal Credit Union
Charter Number:10393
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$5,161,356
CEO/Manager:TINA A VENTURELLA
Chairperson:JEFFREY B JOHNSON

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,538,649
TOTAL INVESTMENTS 1,486,880
Loans Held for Sale 0
 
 Real Estate Loans 36,017
 Unsecured Loans 267,032
 Other Loans 1,783,477
 TOTAL LOANS 2,086,526
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,195
 Land And Building 0
 Other Fixed Assets 2,378
 NCUSIF Deposit 42,326
 All Other Assets 18,792
  TOTAL ASSETS 5,161,356
LIABILITIES & CAPITAL:  
 Dividends Payable 2,542
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,405
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,686,232
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,686,232
  TOTAL LIABILITIES 4,693,179
 Regular Reserve 134,542
 Other Reserves 50,484
 Undivided Earnings 283,151
  TOTAL EQUITY 468,177
  TOTAL LIABILITIES, SHARES, & EQUITY 5,161,356
INCOME & EXPENSE  
 Loan Income 152,071
 Investment Income 26,822
 Other Income 16,322
 Total Employee Compensation & Benefits 156,594
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 57,633
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,148
 Cost of Funds 9,956
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -27,746
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