Dec, 31, 2023 — L'OREAL USA FEDERAL CREDIT UNION is a federal credit union headquartered in CLARK, NJ with 1 branch location and about $23.07 million in total assets. Opened 52 years ago in 1972, L'OREAL USA FEDERAL CREDIT UNION has about 1,946 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: | L'OREAL USA FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 111 Terminal Ave CLARK, NJ 07066 |
Phone: | (732) 499-6679 |
Fax: | (732) 574-9148 |
Website: | https://www.lorealusafcu.com |
Branches: | 1 branch locations |
Members: | 1,946 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21109 |
---|---|
Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,068,371 |
CEO/Manager: | Sandra R Schwalb |
Chairperson: | Robert H Schwalb |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,064,014 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,742,402 |
Unsecured Loans | 1,481,189 |
Other Loans | 3,728,152 |
TOTAL LOANS | 8,951,743 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -171,500 |
Land And Building | 0 |
Other Fixed Assets | 39,533 |
NCUSIF Deposit | 197,008 |
All Other Assets | 0 |
TOTAL ASSETS | 23,068,371 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -24,019 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,754,306 |
Regular shares | 12,511,490 |
All Other Shares & Deposits | 337,321 |
TOTAL SHARES & DEPOSITS | 17,603,116 |
TOTAL LIABILITIES | 17,579,119 |
Regular Reserve | 0 |
Other Reserves | 203,641 |
Undivided Earnings | 5,285,611 |
TOTAL EQUITY | 5,489,252 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,068,371 |
INCOME & EXPENSE | |
Loan Income | 470,182 |
Investment Income | 181,196 |
Other Income | 72,591 |
Total Employee Compensation & Benefits | 653,404 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 273,569 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
Cost of Funds | 32,936 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -201,943 |
↑ Back to Top |
» See also Statement of Financial Condition