Dec, 31, 2023 — LOGAN CACHE RICH FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $30.03 million in total assets. Opened 61 years ago in 1963, LOGAN CACHE RICH FEDERAL CREDIT UNION has about 2,406 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: | LOGAN CACHE RICH FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 72 E 700 N LOGAN, UT 84321 |
Phone: | (435) 563-6882 |
Fax: | (435) 563-2729 |
Website: | https://www.lcrcu.org |
Branches: | 1 branch locations |
Members: | 2,406 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24763 |
---|---|
Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,034,078 |
CEO/Manager: | Jordan Burdge |
Chairperson: | Robin Clement |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 740,067 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,580,551 |
Unsecured Loans | 305,791 |
Other Loans | 8,666,162 |
TOTAL LOANS | 13,552,504 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,735 |
Land And Building | 882,806 |
Other Fixed Assets | 15,649 |
NCUSIF Deposit | 282,220 |
All Other Assets | 0 |
TOTAL ASSETS | 30,034,078 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 40,814 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,230,309 |
Regular shares | 20,616,919 |
All Other Shares & Deposits | 4,196,013 |
TOTAL SHARES & DEPOSITS | 26,043,241 |
TOTAL LIABILITIES | 26,084,055 |
Regular Reserve | 0 |
Other Reserves | 54,469 |
Undivided Earnings | 3,895,554 |
TOTAL EQUITY | 3,950,023 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,034,078 |
INCOME & EXPENSE | |
Loan Income | 556,094 |
Investment Income | 191,529 |
Other Income | 48,909 |
Total Employee Compensation & Benefits | 274,595 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 385,326 |
Non-operating Income & (Expense) | 12,019 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,750 |
Cost of Funds | 152,708 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -5,828 |
↑ Back to Top |