Dec, 31, 2023 — LANDINGS CREDIT UNION is a federally insured state chartered credit union headquartered in TEMPE, AZ with 3 branch locations and about $238.26 million in total assets. Opened 71 years ago in 1953, LANDINGS CREDIT UNION has about 15,585 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LANDINGS CREDIT UNION |
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Address: (Main Office) | 2800 S Mill Ave TEMPE, AZ 85282 |
Phone: | (480) 967-9475 |
Fax: | (480) 966-3026 |
Website: | https://www.landingscu.org |
Branches: | 3 branch locations |
Members: | 15,585 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62937 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $238,260,303 |
CEO/Manager: | Brian Lee |
Chairperson: | William Hegebush |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,502,010 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 37,672,365 |
Unsecured Loans | 9,524,959 |
Other Loans | 128,054,061 |
TOTAL LOANS | 175,251,384 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,367,310 |
Land And Building | 5,376,667 |
Other Fixed Assets | 99,173 |
NCUSIF Deposit | 2,172,900 |
All Other Assets | 118,756 |
TOTAL ASSETS | 238,260,303 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,354,812 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 54,666,071 |
Regular shares | 76,618,510 |
All Other Shares & Deposits | 83,945,685 |
TOTAL SHARES & DEPOSITS | 215,230,266 |
TOTAL LIABILITIES | 218,604,689 |
Regular Reserve | 0 |
Other Reserves | -2,187,364 |
Undivided Earnings | 21,842,978 |
TOTAL EQUITY | 19,655,614 |
TOTAL LIABILITIES, SHARES, & EQUITY | 238,260,303 |
INCOME & EXPENSE | |
Loan Income | 8,921,743 |
Investment Income | 1,724,701 |
Other Income | 2,070,291 |
Total Employee Compensation & Benefits | 5,099,063 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,917,563 |
Non-operating Income & (Expense) | 17,290 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 651,300 |
Cost of Funds | 1,087,291 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,550,305 |
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