Dec, 31, 2023 — L C E FEDERAL CREDIT UNION is a federal credit union headquartered in PAINESVILLE, OH with 2 branch locations and about $59.44 million in total assets. Opened 64 years ago in 1960, L C E FEDERAL CREDIT UNION has about 5,908 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | L C E FEDERAL CREDIT UNION |
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Address: (Main Office) | 77 N Saint Clair St PAINESVILLE, OH 44077 |
Phone: | (440) 357-2560 |
Fax: | (440) 357-2779 |
Website: | https://www.lcefcu.org |
Branches: | 2 branch locations |
Members: | 5,908 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13885 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $59,439,914 |
CEO/Manager: | Anita L Walters |
Chairperson: | Dale Flood |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,486,664 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,138,355 |
Unsecured Loans | 4,736,960 |
Other Loans | 18,913,889 |
TOTAL LOANS | 34,789,204 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -314,721 |
Land And Building | 198,368 |
Other Fixed Assets | 118,009 |
NCUSIF Deposit | 538,542 |
All Other Assets | 0 |
TOTAL ASSETS | 59,439,914 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 182,760 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,509,324 |
Regular shares | 28,779,421 |
All Other Shares & Deposits | 15,016,000 |
TOTAL SHARES & DEPOSITS | 55,304,745 |
TOTAL LIABILITIES | 55,487,505 |
Regular Reserve | 0 |
Other Reserves | -967,120 |
Undivided Earnings | 4,919,529 |
TOTAL EQUITY | 3,952,409 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,439,914 |
INCOME & EXPENSE | |
Loan Income | 1,933,502 |
Investment Income | 632,119 |
Other Income | 441,028 |
Total Employee Compensation & Benefits | 966,484 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 942,522 |
Non-operating Income & (Expense) | -19,651 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 251,749 |
Cost of Funds | 246,936 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 657,205 |
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