Dec, 31, 2023 — LOS ANGELES LEE FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $640,237 in total assets. Opened 60 years ago in 1964, LOS ANGELES LEE FEDERAL CREDIT UNION has about 76 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOS ANGELES LEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 964 N Hill St LOS ANGELES, CA 90012 |
| Phone: | (213) 626-0974 |
| Fax: | |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 76 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16570 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $640,237 |
| CEO/Manager: | Urla Gomes |
| Chairperson: | ERNEST LEE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 110,575 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 246,936 |
| TOTAL LOANS | 246,936 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,580 |
| Land And Building | 0 |
| Other Fixed Assets | 3,498 |
| NCUSIF Deposit | 3,808 |
| All Other Assets | 0 |
| TOTAL ASSETS | 640,237 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,736 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 500,343 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 500,343 |
| TOTAL LIABILITIES | 503,079 |
| Regular Reserve | 0 |
| Other Reserves | 62,409 |
| Undivided Earnings | 74,749 |
| TOTAL EQUITY | 137,158 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 640,237 |
| INCOME & EXPENSE | |
| Loan Income | 8,505 |
| Investment Income | 7,357 |
| Other Income | 24 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,002 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,030 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,875 |
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