Sep, 30, 2025 — INSTEP CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 2 branch locations and about $50.61 million in total assets. Opened 78 years ago in 1948, INSTEP CREDIT UNION has about 4,939 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INSTEP CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 Russell Ave Bldg 509 NEW ORLEANS, LA 70143-5077 |
| Phone: | (504) 394-5574 |
| Fax: | (504) 678-3901 |
| Website: | https://www.instepmembers.com |
| Branches: | 2 branch locations |
| Members: | 4,939 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24951 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,607,542 |
| CEO/Manager: | Helen S Delin |
| Chairperson: | Emanuel Stevenson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,339,347 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,932,779 |
| Unsecured Loans | 8,634,208 |
| Other Loans | 29,012,014 |
| TOTAL LOANS | 39,579,001 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -658,739 |
| Land And Building | 4,326,416 |
| Other Fixed Assets | 256,385 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 409,158 |
| All Other Assets | 168,031 |
| TOTAL ASSETS | 50,607,542 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 916,515 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,834,359 |
| Regular shares | 22,767,627 |
| All Other Shares & Deposits | 5,930,697 |
| TOTAL SHARES & DEPOSITS | 42,532,682 |
| TOTAL LIABILITIES | 43,449,197 |
| Regular Reserve | 0 |
| Other Reserves | 1,757,491 |
| Undivided Earnings | 5,400,854 |
| TOTAL EQUITY | 7,158,345 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,607,542 |
| INCOME & EXPENSE | |
| Loan Income | 2,221,156 |
| Investment Income | 116,913 |
| Other Income | 836,338 |
| Total Employee Compensation & Benefits | 1,302,169 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,646,261 |
| Non-operating Income & (Expense) | 65,882 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 88,000 |
| Cost of Funds | 377,547 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 74,240 |
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