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L'OREAL USA FEDERAL CREDIT UNION

Dec, 31, 2021 — L'OREAL USA FEDERAL CREDIT UNION is a federal credit union headquartered in CLARK, NJ with 2 branch locations and about $30.59 million in total assets. Opened 50 years ago in 1972, L'OREAL USA FEDERAL CREDIT UNION has about 2,266 members and employs 6 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)
30 Terminal Ave
CLARK, NJ 07066
Phone:(732) 499-6679
Fax:(732) 574-9148
Website:http://www.lorealusafcu.com
Branches:2 branch locations
Members:2,266
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:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$30,585,018
CEO/Manager:Sandra R Schwalb
Chairperson:Robert H Schwalb

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,599,681
TOTAL INVESTMENTS 14,324,313
Loans Held for Sale 0
 
 Real Estate Loans 5,303,047
 Unsecured Loans 1,239,745
 Other Loans 1,964,497
 TOTAL LOANS 8,507,289
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -122,843
 Land And Building 0
 Other Fixed Assets 24,982
 NCUSIF Deposit 202,797
 All Other Assets 48,799
  TOTAL ASSETS 30,585,018
LIABILITIES & CAPITAL:  
 Dividends Payable 10,342
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 28,238
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,065,464
 Regular shares 15,300,752
 All Other Shares & Deposits 539,875
  TOTAL SHARES & DEPOSITS 24,906,091
  TOTAL LIABILITIES 24,944,671
 Regular Reserve 203,642
 Other Reserves 0
 Undivided Earnings 5,436,705
  TOTAL EQUITY 5,640,347
  TOTAL LIABILITIES, SHARES, & EQUITY 30,585,018
INCOME & EXPENSE  
 Loan Income 449,530
 Investment Income 177,807
 Other Income 90,348
 Total Employee Compensation & Benefits 552,174
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 281,677
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 40,585
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 100,353
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