Dec, 31, 2023 — LEE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $6.15 million in total assets. Opened 62 years ago in 1962, LEE FEDERAL CREDIT UNION has about 293 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 611 H St NW WASHINGTON, DC 20001-3788 |
| Phone: | (202) 289-7580 |
| Fax: | (202) 289-7580 |
| Website: | https://leefcu.com |
| Branches: | 1 branch locations |
| Members: | 293 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15174 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,150,368 |
| CEO/Manager: | Richard T Chiu |
| Chairperson: | David Leong |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 226,821 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,484,591 |
| Unsecured Loans | 0 |
| Other Loans | 0 |
| TOTAL LOANS | 1,484,591 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,984 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 46,005 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,150,368 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,644 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,210 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,453,493 |
| All Other Shares & Deposits | 275,258 |
| TOTAL SHARES & DEPOSITS | 3,728,750 |
| TOTAL LIABILITIES | 3,742,604 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,407,764 |
| TOTAL EQUITY | 2,407,764 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,150,368 |
| INCOME & EXPENSE | |
| Loan Income | 58,020 |
| Investment Income | 195,762 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 21,054 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 56,930 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 24,623 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 151,450 |
| ↑ Back to Top | |