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CUSA FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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