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ARABI SUGAR WORKERS FEDERAL CREDIT UNION

Mar, 31, 2021 — ARABI SUGAR WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in New Orleans, LA with 1 branch location and about $1.84 million in total assets. Opened 51 years ago in 1970, ARABI SUGAR WORKERS 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: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:275
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,836,066
CEO/Manager:Alvin Phoenix
Chairperson:Martin Myer

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 62,614
TOTAL INVESTMENTS 179,680
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 569,745
 Other Loans 1,058,229
 TOTAL LOANS 1,627,974
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,285
 Land And Building 0
 Other Fixed Assets 10
 NCUSIF Deposit 8,771
 All Other Assets 5,302
  TOTAL ASSETS 1,836,066
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,697
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,117,776
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,117,776
  TOTAL LIABILITIES 1,119,473
 Regular Reserve 48,730
 Other Reserves 0
 Undivided Earnings 667,863
  TOTAL EQUITY 716,593
  TOTAL LIABILITIES, SHARES, & EQUITY 1,836,066
INCOME & EXPENSE  
 Loan Income 34,064
 Investment Income 189
 Other Income 460
 Total Employee Compensation & Benefits 14,778
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,284
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,883
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,768
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