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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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