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 |
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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: | http://www.cusafcu.com |
Branches: | 3 branch locations |
Members: | 2,999 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $33,986,540 |
CEO/Manager: | Jeana P Rodivich |
Chairperson: | Robbie Severin |
ASSETS: | $ Amount |
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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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