S.A.I.F. FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.saiffcu.com for more information.
Jun, 30, 2024 — 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 74 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 |
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Address: (Main Office) | PO BOX 77959 BATON ROUGE, LA 70879 |
Phone: | (225) 292-5490 |
Fax: | (225) 292-7869 |
Website: | https://www.saiffcu.com |
Branches: | 1 branch locations |
Members: | 1,512 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6528 |
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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 |
ASSETS: | $ Amount |
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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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