Dec, 31, 2023 — LION FEDERAL CREDIT UNION is a federal credit union headquartered in EL DORADO, AR with 1 branch location and about $17.90 million in total assets. Opened 88 years ago in 1936, LION FEDERAL CREDIT UNION has about 2,295 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LION FEDERAL CREDIT UNION |
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Address: (Main Office) | 1580 Haynesville Hwy EL DORADO, AR 71730 |
Phone: | (870) 863-4335 |
Fax: | (870) 863-4370 |
Website: | https://www.lioncreditunion.com |
Branches: | 1 branch locations |
Members: | 2,295 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24437 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,900,611 |
CEO/Manager: | Gina M Smith |
Chairperson: | Shane Elmore |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,007,861 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 734,710 |
Other Loans | 10,453,363 |
TOTAL LOANS | 11,188,073 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,010 |
Land And Building | 192,753 |
Other Fixed Assets | 51,801 |
NCUSIF Deposit | 154,886 |
All Other Assets | 0 |
TOTAL ASSETS | 17,900,611 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 26 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 94,711 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,846,929 |
Regular shares | 12,300,368 |
All Other Shares & Deposits | 907,841 |
TOTAL SHARES & DEPOSITS | 15,055,138 |
TOTAL LIABILITIES | 15,149,875 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,750,736 |
TOTAL EQUITY | 2,750,736 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,900,611 |
INCOME & EXPENSE | |
Loan Income | 690,992 |
Investment Income | 198,877 |
Other Income | 79,362 |
Total Employee Compensation & Benefits | 334,871 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 386,303 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -28,839 |
Cost of Funds | 49,949 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 303,383 |
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