Sep, 30, 2025 — CUSA FEDERAL CREDIT UNION is a federal credit union headquartered in COVINGTON, LA with 3 branch locations and about $30.71 million in total assets. Opened 71 years ago in 1955, CUSA FEDERAL CREDIT UNION has about 2,615 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CUSA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 50 Louis Prima Dr Ste A COVINGTON, LA 70433 |
| Phone: | (985) 809-0521 |
| Fax: | (985) 888-6897 |
| Website: | https://www.cusafcu.com |
| Branches: | 3 branch locations |
| Members: | 2,615 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10640 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,707,853 |
| CEO/Manager: | Kimiko B Duncan |
| Chairperson: | Robbie Severin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,134,712 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,508,220 |
| Unsecured Loans | 2,010,657 |
| Other Loans | 11,640,698 |
| TOTAL LOANS | 23,159,575 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,485 |
| Land And Building | 556,898 |
| Other Fixed Assets | 195,257 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 264,086 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,707,853 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 103,063 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,494 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,116,327 |
| Regular shares | 7,894,640 |
| All Other Shares & Deposits | 16,562,551 |
| TOTAL SHARES & DEPOSITS | 27,573,518 |
| TOTAL LIABILITIES | 27,704,075 |
| Regular Reserve | 0 |
| Other Reserves | -70,403 |
| Undivided Earnings | 3,074,181 |
| TOTAL EQUITY | 3,003,778 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,707,853 |
| INCOME & EXPENSE | |
| Loan Income | 1,015,638 |
| Investment Income | 98,406 |
| Other Income | 111,268 |
| Total Employee Compensation & Benefits | 339,015 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 618,561 |
| Non-operating Income & (Expense) | -2,465 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,731 |
| Cost of Funds | 369,996 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -22,203 |
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