Dec, 31, 2023 — LOCKPORT SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in LOCKPORT, NY with 1 branch location and about $24.51 million in total assets. Opened 58 years ago in 1966, LOCKPORT SCHOOLS FEDERAL CREDIT UNION has about 1,625 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCKPORT SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 360 S Transit St LOCKPORT, NY 14094-4848 |
Phone: | (716) 433-7740 |
Fax: | (716) 433-7757 |
Website: | https://www.lscfcu.org |
Branches: | 1 branch locations |
Members: | 1,625 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17372 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,505,961 |
CEO/Manager: | Tammy L Dodge |
Chairperson: | Valerie Hamluk |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,377,668 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,709,791 |
Unsecured Loans | 1,083,235 |
Other Loans | 8,332,007 |
TOTAL LOANS | 16,125,033 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,477 |
Land And Building | 2,158,189 |
Other Fixed Assets | 223,701 |
NCUSIF Deposit | 191,306 |
All Other Assets | 0 |
TOTAL ASSETS | 24,505,961 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,012 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,648 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,762,999 |
Regular shares | 14,488,830 |
All Other Shares & Deposits | 5,393,516 |
TOTAL SHARES & DEPOSITS | 22,645,345 |
TOTAL LIABILITIES | 22,659,005 |
Regular Reserve | 0 |
Other Reserves | 149,537 |
Undivided Earnings | 1,697,419 |
TOTAL EQUITY | 1,846,956 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,505,961 |
INCOME & EXPENSE | |
Loan Income | 734,970 |
Investment Income | 95,807 |
Other Income | 77,861 |
Total Employee Compensation & Benefits | 283,748 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 421,997 |
Non-operating Income & (Expense) | 20,275 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
Cost of Funds | 150,240 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 79,961 |
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