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S.A.I.F. FEDERAL CREDIT UNION

Dec, 31, 2021 — S.A.I.F. FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $8.76 million in total assets. Opened 72 years ago in 1950, S.A.I.F. FEDERAL CREDIT UNION has about 1,512 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:S.A.I.F. FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 77959
BATON ROUGE, LA 70879
Phone:(225) 292-5490
Fax:(225) 292-7869
Website:http://www.saiffcu.com
Branches:1 branch locations
Members:1,512
Credit Union Type:Federal Credit Union
Charter Number:6528
Membership Type:Multiple common bond - Primarily petroleum refining
Corporate Credit Union:No
Year Opened:1950
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,758,763
CEO/Manager:STACY M RATCLIFF
Chairperson:Jerrie Armoney

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,265,628
TOTAL INVESTMENTS 951,030
Loans Held for Sale 0
 
 Real Estate Loans 45,170
 Unsecured Loans 437,635
 Other Loans 3,101,414
 TOTAL LOANS 3,584,219
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,835
 Land And Building 126,835
 Other Fixed Assets 13,500
 NCUSIF Deposit 61,036
 All Other Assets 775,350
  TOTAL ASSETS 8,758,763
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 22,143
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,068,380
 Regular shares 5,875,450
 All Other Shares & Deposits 1,236,005
  TOTAL SHARES & DEPOSITS 8,179,835
  TOTAL LIABILITIES 8,201,978
 Regular Reserve 440,209
 Other Reserves 0
 Undivided Earnings 116,576
  TOTAL EQUITY 556,785
  TOTAL LIABILITIES, SHARES, & EQUITY 8,758,763
INCOME & EXPENSE  
 Loan Income 41,403
 Investment Income 1,450
 Other Income 26,488
 Total Employee Compensation & Benefits 23,297
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 94,186
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,161
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -51,303
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