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ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION

Dec, 31, 2020 — ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 1 branch location and about $4.74 million in total assets. Opened 66 years ago in 1955, ELECTRICAL WORKERS LOCAL 130 FEDERAL CREDIT UNION has about 1,450 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:1,450
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:$4,738,689
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 751,549
TOTAL INVESTMENTS 1,529,090
Loans Held for Sale 0
 
 Real Estate Loans 39,949
 Unsecured Loans 401,799
 Other Loans 2,001,955
 TOTAL LOANS 2,443,703
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,641
 Land And Building 0
 Other Fixed Assets 4,886
 NCUSIF Deposit 44,484
 All Other Assets -25,382
  TOTAL ASSETS 4,738,689
LIABILITIES & CAPITAL:  
 Dividends Payable 3,128
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,086
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,232,551
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,232,551
  TOTAL LIABILITIES 4,242,765
 Regular Reserve 134,542
 Other Reserves 50,484
 Undivided Earnings 310,898
  TOTAL EQUITY 495,924
  TOTAL LIABILITIES, SHARES, & EQUITY 4,738,689
INCOME & EXPENSE  
 Loan Income 173,786
 Investment Income 33,362
 Other Income 16,567
 Total Employee Compensation & Benefits 159,865
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,552
 Non-operating Income & (Expense) 1,039
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -10,370
 Cost of Funds 9,162
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,545
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