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 |
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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: | 2,964 |
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, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $33,804,788 |
CEO/Manager: | Jeana P Rodivich |
Chairperson: | Robbie Severin |
ASSETS: | $ Amount |
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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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