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TEAMSTERS LOCAL UNION #270 FEDERAL CREDIT UNION

Jun, 30, 2021 — TEAMSTERS LOCAL UNION #270 FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $1.01 million in total assets. Opened 50 years ago in 1971, TEAMSTERS LOCAL UNION #270 FEDERAL CREDIT UNION has about 520 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TEAMSTERS LOCAL UNION #270 FEDERAL CREDIT UNION
Address:
(Main Office)
701 ELYSIAN FIELDS AVE
NEW ORLEANS, LA 70117
Phone:(504) 945-3152
Fax:(504) 945-0003
Website:n/a
Branches:1 branch locations
Members:520
Credit Union Type:Federal Credit Union
Charter Number:20550
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1971
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,010,037
CEO/Manager:Muriel H Harris
Chairperson:David Negrotto

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 741,401
TOTAL INVESTMENTS 71,968
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 194,767
 Other Loans 0
 TOTAL LOANS 194,767
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,216
 Land And Building 0
 Other Fixed Assets 10
 NCUSIF Deposit 8,487
 All Other Assets 2,620
  TOTAL ASSETS 1,010,037
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,400
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 912,093
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 912,093
  TOTAL LIABILITIES 913,493
 Regular Reserve 63,625
 Other Reserves 0
 Undivided Earnings 32,919
  TOTAL EQUITY 96,544
  TOTAL LIABILITIES, SHARES, & EQUITY 1,010,037
INCOME & EXPENSE  
 Loan Income 11,589
 Investment Income 4
 Other Income 1,338
 Total Employee Compensation & Benefits 8,100
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,397
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,566
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