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LGE COMMUNITY CREDIT UNION

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.


ABA Routing Number: 261171480
Name:LGE COMMUNITY CREDIT UNION
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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