Dec, 31, 2021 — CUSA FEDERAL CREDIT UNION is a federal credit union headquartered in COVINGTON, LA with 3 branch locations and about $33.99 million in total assets. Opened 67 years ago in 1955, CUSA FEDERAL CREDIT UNION has about 2,999 members and employs 6 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: | 2,999 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,986,540 |
| CEO/Manager: | Jeana P Rodivich |
| Chairperson: | Robbie Severin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,428,350 |
| TOTAL INVESTMENTS | 4,434,939 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,854,019 |
| Unsecured Loans | 2,101,040 |
| Other Loans | 13,044,325 |
| TOTAL LOANS | 25,999,384 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -125,793 |
| Land And Building | 624,858 |
| Other Fixed Assets | 134,861 |
| NCUSIF Deposit | 290,038 |
| All Other Assets | 199,903 |
| TOTAL ASSETS | 33,986,540 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,392 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,977 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,989,088 |
| Regular shares | 11,404,004 |
| All Other Shares & Deposits | 15,944,188 |
| TOTAL SHARES & DEPOSITS | 30,337,280 |
| TOTAL LIABILITIES | 30,379,649 |
| Regular Reserve | 1,033,085 |
| Other Reserves | -50,061 |
| Undivided Earnings | 2,623,867 |
| TOTAL EQUITY | 3,606,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,986,540 |
| INCOME & EXPENSE | |
| Loan Income | 1,189,804 |
| Investment Income | 53,830 |
| Other Income | 52,865 |
| Total Employee Compensation & Benefits | 528,463 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 723,167 |
| Non-operating Income & (Expense) | -2,650 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,406 |
| Cost of Funds | 170,319 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 35,757 |
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