Dec, 31, 2023 — NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 10 branch locations and about $266.91 million in total assets. Opened 90 years ago in 1934, NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION has about 29,026 members and employs 98 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW ORLEANS FIREMEN'S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4401 W Napoleon Ave METAIRIE, LA 70001-2406 |
| Phone: | (504) 889-9090 |
| Fax: | (504) 889-9098 |
| Website: | https://www.noffcu.org |
| Branches: | 10 branch locations |
| Members: | 29,026 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $266,912,068 |
| CEO/Manager: | Judy S DeLucca |
| Chairperson: | Joseph J Jurisich III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,435,130 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,512,461 |
| Unsecured Loans | 50,778,834 |
| Other Loans | 110,439,940 |
| TOTAL LOANS | 195,731,235 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,794,734 |
| Land And Building | 2,954,718 |
| Other Fixed Assets | 1,495,690 |
| NCUSIF Deposit | 2,060,044 |
| All Other Assets | 67,500 |
| TOTAL ASSETS | 266,912,068 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 172,968 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,173,411 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
| Share Drafts | 43,331,637 |
| Regular shares | 120,674,396 |
| All Other Shares & Deposits | 70,160,531 |
| TOTAL SHARES & DEPOSITS | 234,166,564 |
| TOTAL LIABILITIES | 246,577,588 |
| Regular Reserve | 0 |
| Other Reserves | -2,471,829 |
| Undivided Earnings | 22,806,309 |
| TOTAL EQUITY | 20,334,480 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 266,912,068 |
| INCOME & EXPENSE | |
| Loan Income | 12,587,101 |
| Investment Income | 1,365,576 |
| Other Income | 1,724,602 |
| Total Employee Compensation & Benefits | 7,153,645 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,227,176 |
| Non-operating Income & (Expense) | 1,619,439 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,685,759 |
| Cost of Funds | 1,591,120 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,631,711 |
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