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ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION

Mar, 31, 2021 — ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 1 branch location and about $5.11 million in total assets. Opened 66 years ago in 1955, ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION has about 1,427 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:1,427
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,113,673
CEO/Manager:TINA A VENTURELLA
Chairperson:JEFFREY B JOHNSON

Call Report

  • Commercial Loans
  • Credit Builder
  • Real Estate Loans
  • Risk Based Loans
  • Commercial Share Accounts

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,153,347
TOTAL INVESTMENTS 1,680,930
Loans Held for Sale 0
 
 Real Estate Loans 38,980
 Unsecured Loans 312,426
 Other Loans 1,873,262
 TOTAL LOANS 2,224,668
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,701
 Land And Building 0
 Other Fixed Assets 4,259
 NCUSIF Deposit 44,484
 All Other Assets 15,686
  TOTAL ASSETS 5,113,673
LIABILITIES & CAPITAL:  
 Dividends Payable 2,355
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,267
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,614,927
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,614,927
  TOTAL LIABILITIES 4,621,549
 Regular Reserve 134,542
 Other Reserves 50,484
 Undivided Earnings 307,098
  TOTAL EQUITY 492,124
  TOTAL LIABILITIES, SHARES, & EQUITY 5,113,673
INCOME & EXPENSE  
 Loan Income 39,595
 Investment Income 6,953
 Other Income 3,525
 Total Employee Compensation & Benefits 40,819
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,133
 Non-operating Income & (Expense) 3,434
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,355
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,800
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