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CUSA FEDERAL CREDIT UNION

Dec, 31, 2023 — CUSA FEDERAL CREDIT UNION is a federal credit union headquartered in COVINGTON, LA with 3 branch locations and about $38.67 million in total assets. Opened 69 years ago in 1955, CUSA FEDERAL CREDIT UNION has about 3,331 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CUSA FEDERAL CREDIT UNION
Address:
(Main Office)
50 Louis Prima Dr Ste A
COVINGTON, LA 70433
Phone:(985) 809-0521
Fax:(985) 888-6897
Website:https://www.cusafcu.com
Branches:3 branch locations
Members:3,331
Credit Union Type:Federal Credit Union
Charter Number:10640
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1955
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$38,670,767
CEO/Manager:Jeana P Rodivich
Chairperson:Robbie Severin

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,381,192
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,528,532
 Unsecured Loans 2,369,554
 Other Loans 15,159,589
 TOTAL LOANS 28,057,675
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -122,174
 Land And Building 588,673
 Other Fixed Assets 302,177
 NCUSIF Deposit 306,022
 All Other Assets 6,700
  TOTAL ASSETS 38,670,767
LIABILITIES & CAPITAL:  
 Dividends Payable 118,709
 Notes & Interest Payable 2,000,000
 Accounts Payable & Other Liabilities 19,032
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,879,611
 Regular shares 8,932,778
 All Other Shares & Deposits 21,721,059
  TOTAL SHARES & DEPOSITS 33,533,448
  TOTAL LIABILITIES 35,671,189
 Regular Reserve 0
 Other Reserves -405,788
 Undivided Earnings 3,405,366
  TOTAL EQUITY 2,999,578
  TOTAL LIABILITIES, SHARES, & EQUITY 38,670,767
INCOME & EXPENSE  
 Loan Income 1,377,675
 Investment Income 119,260
 Other Income 100,292
 Total Employee Compensation & Benefits 544,650
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 822,484
 Non-operating Income & (Expense) -2,352
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 22,158
 Cost of Funds 543,824
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -186,119
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