Sep, 30, 2025 — SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $8.50 million in total assets. Opened 89 years ago in 1937, SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION has about 1,495 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEWERAGE & WATER BOARD EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 625 Saint Joseph St # B13 NEW ORLEANS, LA 70165-6500 |
| Phone: | (504) 585-2014 |
| Fax: | |
| Website: | https://www.swbfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,495 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2056 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,504,205 |
| CEO/Manager: | Mindy M Taylor |
| Chairperson: | Joseph Ladek, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,438,628 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 512,888 |
| Other Loans | 3,008,924 |
| TOTAL LOANS | 3,521,812 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,138 |
| Land And Building | 0 |
| Other Fixed Assets | 458 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 72,238 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,504,205 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 62,908 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,213,537 |
| Regular shares | 6,141,740 |
| All Other Shares & Deposits | 436,847 |
| TOTAL SHARES & DEPOSITS | 7,792,124 |
| TOTAL LIABILITIES | 7,855,032 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 649,173 |
| TOTAL EQUITY | 649,173 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,504,205 |
| INCOME & EXPENSE | |
| Loan Income | 205,265 |
| Investment Income | 140,845 |
| Other Income | 107,444 |
| Total Employee Compensation & Benefits | 199,635 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 271,513 |
| Non-operating Income & (Expense) | 80,558 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,160 |
| Cost of Funds | 3,130 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 41,674 |
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