Dec, 31, 2020 — CUSA FEDERAL CREDIT UNION is a federal credit union headquartered in Covington, LA with 3 branch locations and about $33.80 million in total assets. Opened 66 years ago in 1955, CUSA FEDERAL CREDIT UNION has about 2,964 members and employs 9 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: | http://www.cusafcu.com |
| Branches: | 3 branch locations |
| Members: | 2,964 |
| 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, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,804,788 |
| CEO/Manager: | Jeana P Rodivich |
| Chairperson: | Robbie Severin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,975,385 |
| TOTAL INVESTMENTS | 3,045,799 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,337,749 |
| Unsecured Loans | 2,175,913 |
| Other Loans | 13,130,108 |
| TOTAL LOANS | 25,643,770 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,588 |
| Land And Building | 640,588 |
| Other Fixed Assets | 140,716 |
| NCUSIF Deposit | 276,020 |
| All Other Assets | 236,098 |
| TOTAL ASSETS | 33,804,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 40,137 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,997 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,957,555 |
| Regular shares | 11,011,196 |
| All Other Shares & Deposits | 16,103,148 |
| TOTAL SHARES & DEPOSITS | 30,071,899 |
| TOTAL LIABILITIES | 30,128,033 |
| Regular Reserve | 1,033,085 |
| Other Reserves | 54,798 |
| Undivided Earnings | 2,588,872 |
| TOTAL EQUITY | 3,676,755 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,804,788 |
| INCOME & EXPENSE | |
| Loan Income | 1,238,845 |
| Investment Income | 62,924 |
| Other Income | 237,808 |
| Total Employee Compensation & Benefits | 521,420 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 682,482 |
| Non-operating Income & (Expense) | -19,881 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 189,960 |
| Cost of Funds | 251,535 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -125,701 |
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