Dec, 31, 2023 — LOVERS LANE CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT JOSEPH, MO with 1 branch location and about $7.96 million in total assets. Opened 68 years ago in 1956, LOVERS LANE CREDIT UNION has about 1,022 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOVERS LANE CREDIT UNION |
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Address: (Main Office) | 1502 S Belt Hwy Ste A SAINT JOSEPH, MO 64507-2203 |
Phone: | (816) 364-4000 |
Fax: | (816) 364-4141 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,022 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64208 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,959,132 |
CEO/Manager: | R. A Robbins |
Chairperson: | William A Eddins, Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 761,675 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 938,923 |
Other Loans | 6,162,494 |
TOTAL LOANS | 7,101,417 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,305 |
Land And Building | 0 |
Other Fixed Assets | 4,912 |
NCUSIF Deposit | 76,506 |
All Other Assets | 0 |
TOTAL ASSETS | 7,959,132 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 81,085 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,502 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 806,530 |
All Other Shares & Deposits | 5,944,739 |
TOTAL SHARES & DEPOSITS | 6,751,270 |
TOTAL LIABILITIES | 6,847,857 |
Regular Reserve | 0 |
Other Reserves | 99,112 |
Undivided Earnings | 1,012,163 |
TOTAL EQUITY | 1,111,275 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,959,132 |
INCOME & EXPENSE | |
Loan Income | 493,880 |
Investment Income | 10,098 |
Other Income | 660 |
Total Employee Compensation & Benefits | 141,282 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 88,038 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,300 |
Cost of Funds | 173,296 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 70,631 |
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