Dec, 31, 2023 — LGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 19 branch locations and about $2.51 billion in total assets. Opened 73 years ago in 1951, LGE COMMUNITY CREDIT UNION has about 132,500 members and employs 346 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LGE COMMUNITY CREDIT UNION |
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Address: (Main Office) | 3100 Cumberland Blvd SE ATLANTA, GA 30339-5940 |
Phone: | (770) 424-0060 |
Fax: | |
Website: | https://www.lgeccu.org |
Branches: | 19 branch locations |
Members: | 132,500 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68581 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,508,526,038 |
CEO/Manager: | Chris A Leggett |
Chairperson: | Curt Earnest |
ASSETS: | $ Amount |
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Cash & Equivalents | 346,606,763 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 9,578,395 |
Real Estate Loans | 773,171,827 |
Unsecured Loans | 105,289,672 |
Other Loans | 642,030,736 |
TOTAL LOANS | 1,521,040,929 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,274,283 |
Land And Building | 22,665,778 |
Other Fixed Assets | 29,368,590 |
NCUSIF Deposit | 17,948,432 |
All Other Assets | 322,248 |
TOTAL ASSETS | 2,508,526,038 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,647,384 |
Notes & Interest Payable | 197,000,000 |
Accounts Payable & Other Liabilities | 41,471,506 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 623,851,868 |
Regular shares | 578,973,884 |
All Other Shares & Deposits | 868,554,522 |
TOTAL SHARES & DEPOSITS | 2,071,380,274 |
TOTAL LIABILITIES | 2,312,499,164 |
Regular Reserve | 0 |
Other Reserves | -52,787,331 |
Undivided Earnings | 248,814,205 |
TOTAL EQUITY | 196,026,874 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,508,526,038 |
INCOME & EXPENSE | |
Loan Income | 65,957,033 |
Investment Income | 21,849,072 |
Other Income | 7,988,561 |
Total Employee Compensation & Benefits | 35,088,188 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 34,632,317 |
Non-operating Income & (Expense) | 3,128,960 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,628,189 |
Cost of Funds | 26,165,605 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 16,119,257 |
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