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L'OREAL USA FEDERAL CREDIT UNION

Mar, 31, 2021 — L'OREAL USA FEDERAL CREDIT UNION is a federal credit union headquartered in Mountainside, NJ with 2 branch locations and about $28.15 million in total assets. Opened 49 years ago in 1972, L'OREAL USA FEDERAL CREDIT UNION has about 2,934 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:2,934
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:$28,148,568
CEO/Manager:Sandra R Schwalb
Chairperson:Robert H Schwalb

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,449,657
TOTAL INVESTMENTS 13,381,037
Loans Held for Sale 0
 
 Real Estate Loans 5,835,096
 Unsecured Loans 1,261,925
 Other Loans 2,101,068
 TOTAL LOANS 9,198,089
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -142,783
 Land And Building 0
 Other Fixed Assets 997
 NCUSIF Deposit 178,545
 All Other Assets 83,026
  TOTAL ASSETS 28,148,568
LIABILITIES & CAPITAL:  
 Dividends Payable 9,645
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 28,445
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,008,930
 Regular shares 16,075,245
 All Other Shares & Deposits 538,699
  TOTAL SHARES & DEPOSITS 22,622,874
  TOTAL LIABILITIES 22,660,964
 Regular Reserve 203,642
 Other Reserves 0
 Undivided Earnings 5,283,962
  TOTAL EQUITY 5,487,604
  TOTAL LIABILITIES, SHARES, & EQUITY 28,148,568
INCOME & EXPENSE  
 Loan Income 114,679
 Investment Income 40,038
 Other Income 20,577
 Total Employee Compensation & Benefits 148,961
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 75,776
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,000
 Cost of Funds 9,953
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -52,390
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