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National Credit Union Service Organization

S.A.I.F. FEDERAL CREDIT UNION

Dec, 31, 2020 — S.A.I.F. FEDERAL CREDIT UNION is a federal credit union headquartered in BATON ROUGE, LA with 1 branch location and about $8.22 million in total assets. Opened 71 years ago in 1950, S.A.I.F. FEDERAL CREDIT UNION has about 1,523 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:1,523
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:Dec 01, 2018
FHLB Member:No
Low Income Designation:No
Assets:$8,219,724
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 2,370,063
TOTAL INVESTMENTS 1,449,030
Loans Held for Sale 0
 
 Real Estate Loans 46,656
 Unsecured Loans 496,631
 Other Loans 3,294,346
 TOTAL LOANS 3,837,633
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,339
 Land And Building 128,914
 Other Fixed Assets 13,859
 NCUSIF Deposit 61,036
 All Other Assets 378,528
  TOTAL ASSETS 8,219,724
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,888
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 984,354
 Regular shares 5,306,303
 All Other Shares & Deposits 1,303,091
  TOTAL SHARES & DEPOSITS 7,593,748
  TOTAL LIABILITIES 7,611,636
 Regular Reserve 440,209
 Other Reserves 0
 Undivided Earnings 167,879
  TOTAL EQUITY 608,088
  TOTAL LIABILITIES, SHARES, & EQUITY 8,219,724
INCOME & EXPENSE  
 Loan Income 246,219
 Investment Income 23,350
 Other Income 154,664
 Total Employee Compensation & Benefits 168,470
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 241,092
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,940
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 731
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