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L'OREAL USA FEDERAL CREDIT UNION

Jun, 30, 2021 — L'OREAL USA FEDERAL CREDIT UNION is a federal credit union headquartered in Mountainside, NJ with 2 branch locations and about $27.22 million in total assets. Opened 49 years ago in 1972, L'OREAL USA FEDERAL CREDIT UNION has about 2,804 members and employs 8 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)
P.O. Box 1202
Mountainside, NJ 07092
Phone:(732) 499-6679
Fax:(732) 574-9148
Website:http://www.lorealusafcu.com
Branches:2 branch locations
Members:2,804
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:$27,223,813
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 2,645,714
TOTAL INVESTMENTS 15,064,777
Loans Held for Sale 0
 
 Real Estate Loans 6,078,436
 Unsecured Loans 1,216,669
 Other Loans 2,059,324
 TOTAL LOANS 9,354,429
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -148,354
 Land And Building 0
 Other Fixed Assets 25,932
 NCUSIF Deposit 202,797
 All Other Assets 78,518
  TOTAL ASSETS 27,223,813
LIABILITIES & CAPITAL:  
 Dividends Payable 10,827
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,959
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,530,755
 Regular shares 15,596,669
 All Other Shares & Deposits 538,924
  TOTAL SHARES & DEPOSITS 21,666,348
  TOTAL LIABILITIES 21,701,134
 Regular Reserve 203,642
 Other Reserves 0
 Undivided Earnings 5,319,037
  TOTAL EQUITY 5,522,679
  TOTAL LIABILITIES, SHARES, & EQUITY 27,223,813
INCOME & EXPENSE  
 Loan Income 227,873
 Investment Income 85,639
 Other Income 39,316
 Total Employee Compensation & Benefits 286,617
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 149,319
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,000
 Cost of Funds 20,310
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -17,315
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