Dec, 31, 2022 — L'OREAL USA FEDERAL CREDIT UNION is a federal credit union headquartered in CLARK, NJ with 2 branch locations and about $27.94 million in total assets. Opened 51 years ago in 1972, L'OREAL USA FEDERAL CREDIT UNION has about 2,124 members and employs 5 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: | https://www.lorealusafcu.com |
| Branches: | 2 branch locations |
| Members: | 2,124 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,935,560 |
| CEO/Manager: | Sandra R Schwalb |
| Chairperson: | Robert H Schwalb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 849,697 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,743,989 |
| Unsecured Loans | 1,547,608 |
| Other Loans | 2,491,278 |
| TOTAL LOANS | 7,782,875 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,814 |
| Land And Building | 0 |
| Other Fixed Assets | 23,838 |
| NCUSIF Deposit | 206,255 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,935,560 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,346 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,533 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,106,261 |
| Regular shares | 15,588,284 |
| All Other Shares & Deposits | 531,220 |
| TOTAL SHARES & DEPOSITS | 22,225,765 |
| TOTAL LIABILITIES | 22,245,644 |
| Regular Reserve | 0 |
| Other Reserves | 203,641 |
| Undivided Earnings | 5,486,275 |
| TOTAL EQUITY | 5,689,916 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,935,560 |
| INCOME & EXPENSE | |
| Loan Income | 306,821 |
| Investment Income | 243,074 |
| Other Income | 73,929 |
| Total Employee Compensation & Benefits | 420,167 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 211,885 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,515 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 49,568 |
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