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National Credit Union Service Organization

ARABI SUGAR WORKERS FEDERAL CREDIT UNION

Dec, 31, 2023 — ARABI SUGAR WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $1.76 million in total assets. Opened 54 years ago in 1970, ARABI SUGAR WORKERS FEDERAL CREDIT UNION has about 288 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:288
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,761,507
CEO/Manager:Alvin Phoenix
Chairperson:Martin Myer

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 111,770
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 587,353
 Other Loans 1,084,999
 TOTAL LOANS 1,672,352
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,821
 Land And Building 0
 Other Fixed Assets 3,694
 NCUSIF Deposit 10,489
 All Other Assets 0
  TOTAL ASSETS 1,761,507
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,736
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 726,401
 All Other Shares & Deposits 255,805
  TOTAL SHARES & DEPOSITS 982,206
  TOTAL LIABILITIES 988,942
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 772,565
  TOTAL EQUITY 772,565
  TOTAL LIABILITIES, SHARES, & EQUITY 1,761,507
INCOME & EXPENSE  
 Loan Income 137,871
 Investment Income 223
 Other Income 3,560
 Total Employee Compensation & Benefits 74,492
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 30,108
 Non-operating Income & (Expense) 21,711
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 24,614
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 24,151
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