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National Credit Union Service Organization

ARABI SUGAR WORKERS FEDERAL CREDIT UNION

Dec, 31, 2021 — ARABI SUGAR WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $1.82 million in total assets. Opened 52 years ago in 1970, ARABI SUGAR WORKERS FEDERAL CREDIT UNION has about 269 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ARABI SUGAR WORKERS FEDERAL CREDIT UNION
Address:
(Main Office)
11448 S Easterlyn Cir
NEW ORLEANS, LA 70128-5204
Phone:(504) 522-2525
Fax:(504) 522-2805
Website:n/a
Branches:1 branch locations
Members:269
Credit Union Type:Federal Credit Union
Charter Number:19985
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1970
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,816,020
CEO/Manager:Alvin Phoenix
Chairperson:Martin Myer

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 53,436
TOTAL INVESTMENTS 101,092
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 592,170
 Other Loans 1,099,554
 TOTAL LOANS 1,691,724
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,605
 Land And Building 0
 Other Fixed Assets 10
 NCUSIF Deposit 10,462
 All Other Assets 7,901
  TOTAL ASSETS 1,816,020
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,170
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,086,633
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,086,633
  TOTAL LIABILITIES 1,088,803
 Regular Reserve 48,730
 Other Reserves 0
 Undivided Earnings 678,487
  TOTAL EQUITY 727,217
  TOTAL LIABILITIES, SHARES, & EQUITY 1,816,020
INCOME & EXPENSE  
 Loan Income 130,996
 Investment Income 235
 Other Income 3,420
 Total Employee Compensation & Benefits 63,035
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,708
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,000
 Cost of Funds 19,695
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,392
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