Dec, 31, 2023 — N.O. PORT COMMISSION EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $3.70 million in total assets. Opened 72 years ago in 1952, N.O. PORT COMMISSION EMPLOYEES CREDIT UNION has about 587 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: | N.O. PORT COMMISSION EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1350 PORT OF NEW ORLEANS PL NEW ORLEANS, LA 70130-1805 |
| Phone: | (504) 528-3279 |
| Fax: | |
| Website: | https://www.portnocu.com |
| Branches: | 1 branch locations |
| Members: | 587 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62936 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,697,814 |
| CEO/Manager: | Barry M Henry |
| Chairperson: | IVORY SCOTT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 161,364 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 50,342 |
| Unsecured Loans | 1,765,429 |
| Other Loans | 585,900 |
| TOTAL LOANS | 2,401,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,760 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 34,273 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,697,814 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 150,000 |
| Accounts Payable & Other Liabilities | 702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 284,790 |
| Regular shares | 2,737,137 |
| All Other Shares & Deposits | 18,819 |
| TOTAL SHARES & DEPOSITS | 3,040,746 |
| TOTAL LIABILITIES | 3,191,448 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 506,366 |
| TOTAL EQUITY | 506,366 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,697,814 |
| INCOME & EXPENSE | |
| Loan Income | 197,371 |
| Investment Income | 14,821 |
| Other Income | 26,094 |
| Total Employee Compensation & Benefits | 59,530 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 120,403 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 56,065 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -72,712 |
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