Dec, 31, 2023 — CUSA FEDERAL CREDIT UNION is a federal credit union headquartered in COVINGTON, LA with 3 branch locations and about $38.67 million in total assets. Opened 69 years ago in 1955, CUSA FEDERAL CREDIT UNION has about 3,331 members and employs 7 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 |
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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: | 3,331 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10640 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,670,767 |
CEO/Manager: | Jeana P Rodivich |
Chairperson: | Robbie Severin |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,381,192 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,528,532 |
Unsecured Loans | 2,369,554 |
Other Loans | 15,159,589 |
TOTAL LOANS | 28,057,675 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,174 |
Land And Building | 588,673 |
Other Fixed Assets | 302,177 |
NCUSIF Deposit | 306,022 |
All Other Assets | 6,700 |
TOTAL ASSETS | 38,670,767 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 118,709 |
Notes & Interest Payable | 2,000,000 |
Accounts Payable & Other Liabilities | 19,032 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,879,611 |
Regular shares | 8,932,778 |
All Other Shares & Deposits | 21,721,059 |
TOTAL SHARES & DEPOSITS | 33,533,448 |
TOTAL LIABILITIES | 35,671,189 |
Regular Reserve | 0 |
Other Reserves | -405,788 |
Undivided Earnings | 3,405,366 |
TOTAL EQUITY | 2,999,578 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,670,767 |
INCOME & EXPENSE | |
Loan Income | 1,377,675 |
Investment Income | 119,260 |
Other Income | 100,292 |
Total Employee Compensation & Benefits | 544,650 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 822,484 |
Non-operating Income & (Expense) | -2,352 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,158 |
Cost of Funds | 543,824 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -186,119 |
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