Jun, 30, 2024 — 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 54 years ago in 1970, ARABI SUGAR WORKERS FEDERAL CREDIT UNION has about 273 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: | 273 |
| 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: | $1,817,102 |
| CEO/Manager: | Alvin Phoenix |
| Chairperson: | Martin Myer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 269,265 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 517,996 |
| Other Loans | 1,060,662 |
| TOTAL LOANS | 1,578,658 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,068 |
| Land And Building | 0 |
| Other Fixed Assets | 10 |
| NCUSIF Deposit | 10,866 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,817,102 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,803 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 856,045 |
| All Other Shares & Deposits | 201,646 |
| TOTAL SHARES & DEPOSITS | 1,057,691 |
| TOTAL LIABILITIES | 1,062,494 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 754,608 |
| TOTAL EQUITY | 754,608 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,817,102 |
| INCOME & EXPENSE | |
| Loan Income | 96,158 |
| Investment Income | 55 |
| Other Income | 1,800 |
| Total Employee Compensation & Benefits | 46,527 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,987 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 13,215 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,391 |
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