Dec, 31, 2023 — ONPATH FEDERAL CREDIT UNION is a federal credit union headquartered in METAIRIE, LA with 10 branch locations and about $616.61 million in total assets. Opened 63 years ago in 1961, ONPATH FEDERAL CREDIT UNION has about 53,745 members and employs 152 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ONPATH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3131 N I 10 Service Rd E METAIRIE, LA 70002-6053 |
| Phone: | (504) 733-1733 |
| Fax: | (504) 733-7670 |
| Website: | https://beonpath.org |
| Branches: | 10 branch locations |
| Members: | 53,745 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14692 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $616,607,050 |
| CEO/Manager: | Jared Freeman |
| Chairperson: | Martha Castillo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,109,143 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 255,451,456 |
| Unsecured Loans | 63,391,874 |
| Other Loans | 172,478,538 |
| TOTAL LOANS | 491,480,559 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,936,082 |
| Land And Building | 17,951,897 |
| Other Fixed Assets | 4,939,303 |
| NCUSIF Deposit | 4,526,594 |
| All Other Assets | 41,500 |
| TOTAL ASSETS | 616,607,050 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 76,127,385 |
| Accounts Payable & Other Liabilities | 11,030,881 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 8,000,000 |
| Share Drafts | 94,130,254 |
| Regular shares | 158,645,617 |
| All Other Shares & Deposits | 224,082,760 |
| TOTAL SHARES & DEPOSITS | 476,858,631 |
| TOTAL LIABILITIES | 572,016,897 |
| Regular Reserve | 0 |
| Other Reserves | -3,673,916 |
| Undivided Earnings | 48,264,069 |
| TOTAL EQUITY | 44,590,153 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 616,607,050 |
| INCOME & EXPENSE | |
| Loan Income | 28,835,642 |
| Investment Income | 1,450,091 |
| Other Income | 8,948,447 |
| Total Employee Compensation & Benefits | 13,468,453 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 25,864,163 |
| Non-operating Income & (Expense) | 3,790,446 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,857,116 |
| Cost of Funds | 9,442,399 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,814,013 |
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