Dec, 31, 2021 — NODA FEDERAL CREDIT UNION is a federal credit union headquartered in SLIDELL, LA with 3 branch locations and about $42.36 million in total assets. Opened 81 years ago in 1941, NODA FEDERAL CREDIT UNION has about 3,219 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: | NODA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 720 Robert Blvd SLIDELL, LA 70458 |
| Phone: | (985) 259-4145 |
| Fax: | (985) 259-4180 |
| Website: | http://nodafcu.org |
| Branches: | 3 branch locations |
| Members: | 3,219 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4461 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jan 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,361,621 |
| CEO/Manager: | Evelyn B Parker |
| Chairperson: | Adimu Watson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,398,582 |
| TOTAL INVESTMENTS | 20,743,609 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,292,493 |
| Unsecured Loans | 4,710,382 |
| Other Loans | 8,387,399 |
| TOTAL LOANS | 15,390,274 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,061 |
| Land And Building | 470,228 |
| Other Fixed Assets | 16,034 |
| NCUSIF Deposit | 325,421 |
| All Other Assets | 102,534 |
| TOTAL ASSETS | 42,361,621 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -64,591 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,053,858 |
| Regular shares | 28,746,295 |
| All Other Shares & Deposits | 2,094,935 |
| TOTAL SHARES & DEPOSITS | 35,895,088 |
| TOTAL LIABILITIES | 35,830,497 |
| Regular Reserve | 531,392 |
| Other Reserves | 120,327 |
| Undivided Earnings | 5,879,405 |
| TOTAL EQUITY | 6,531,124 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,361,621 |
| INCOME & EXPENSE | |
| Loan Income | 805,485 |
| Investment Income | 261,192 |
| Other Income | 234,583 |
| Total Employee Compensation & Benefits | 761,069 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 528,535 |
| Non-operating Income & (Expense) | -12,313 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -42,401 |
| Cost of Funds | 57,831 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,351 |
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