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National Credit Union Service Organization

COAST GUARD EMPLOYEES CREDIT UNION

Mar, 31, 2022 — COAST GUARD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in New Orleans, LA with 1 branch location and about $4.45 million in total assets. Opened 72 years ago in 1950, COAST GUARD EMPLOYEES CREDIT UNION has about 531 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COAST GUARD EMPLOYEES CREDIT UNION
Address:
(Main Office)
Hale Boggs Federal Building, 500 Po
New Orleans, LA 70130
Phone:(504) 671-2287
Fax:(504) 671-2290
Website:https://www.coastguardecu.net
Branches:1 branch locations
Members:531
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62258
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1950
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$4,452,875
CEO/Manager:James C Pulse
Chairperson:Alvia Lee

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 68,845
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 273,342
 Other Loans 725,097
 TOTAL LOANS 998,439
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,629
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 37,530
 All Other Assets 23,400
  TOTAL ASSETS 4,452,875
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 32,249
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,398,686
 All Other Shares & Deposits 116,854
  TOTAL SHARES & DEPOSITS 3,515,540
  TOTAL LIABILITIES 3,547,789
 Regular Reserve 0
 Other Reserves 658,957
 Undivided Earnings 246,129
  TOTAL EQUITY 905,086
  TOTAL LIABILITIES, SHARES, & EQUITY 4,452,875
INCOME & EXPENSE  
 Loan Income 16,800
 Investment Income 2,622
 Other Income 522
 Total Employee Compensation & Benefits 25,799
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,651
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,506
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -16,012
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