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ASBESTOS WORKERS LOCAL 53 FEDERAL CREDIT UNION

Dec, 31, 2020 — ASBESTOS WORKERS LOCAL 53 FEDERAL CREDIT UNION is a federal credit union headquartered in KENNER, LA with 1 branch location and about $277,480 in total assets. Opened 60 years ago in 1961, ASBESTOS WORKERS LOCAL 53 FEDERAL CREDIT UNION has about 275 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ASBESTOS WORKERS LOCAL 53 FEDERAL CREDIT UNION
Address:
(Main Office)
2001 VETERANS MEMORIAL BLVD STE 201
KENNER, LA 70062-5466
Phone:(504) 468-9654
Fax:(504) 468-9657
Website:http://www.insulators53.org
Branches:1 branch locations
Members:275
Credit Union Type:Federal Credit Union
Charter Number:14160
Membership Type:Associational - Fraternal, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2018
FHLB Member:No
Low Income Designation:No
Assets:$277,480
CEO/Manager:James W Pratt
Chairperson:Andrew O'Brien

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 127,094
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 169,846
 Other Loans 3,876
 TOTAL LOANS 173,722
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -25,911
 Land And Building 0
 Other Fixed Assets 12
 NCUSIF Deposit 2,563
 All Other Assets 0
  TOTAL ASSETS 277,480
LIABILITIES & CAPITAL:  
 Dividends Payable 544
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 860
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 192,339
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 192,339
  TOTAL LIABILITIES 193,743
 Regular Reserve 38,898
 Other Reserves 0
 Undivided Earnings 44,839
  TOTAL EQUITY 83,737
  TOTAL LIABILITIES, SHARES, & EQUITY 277,480
INCOME & EXPENSE  
 Loan Income 9,834
 Investment Income 1,120
 Other Income 308
 Total Employee Compensation & Benefits 5,592
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,762
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 500
 Cost of Funds 500
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 908
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