Dec, 31, 2023 — LENNOX EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHALLTOWN, IA with 1 branch location and about $61.17 million in total assets. Opened 76 years ago in 1948, LENNOX EMPLOYEES CREDIT UNION has about 6,521 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LENNOX EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1004 E Main St MARSHALLTOWN, IA 50158-2136 |
| Phone: | (641) 754-4501 |
| Fax: | (641) 754-4505 |
| Website: | https://www.lennoxecu.com |
| Branches: | 1 branch locations |
| Members: | 6,521 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64234 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,173,419 |
| CEO/Manager: | Carl F Mundth |
| Chairperson: | Toby E Brimmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,186,249 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,949,248 |
| Unsecured Loans | 3,002,674 |
| Other Loans | 30,842,593 |
| TOTAL LOANS | 39,794,515 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,906 |
| Land And Building | 694,083 |
| Other Fixed Assets | 94,044 |
| NCUSIF Deposit | 557,067 |
| All Other Assets | 73,516 |
| TOTAL ASSETS | 61,173,419 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 71,419 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,025,513 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,924,553 |
| Regular shares | 18,980,529 |
| All Other Shares & Deposits | 27,282,339 |
| TOTAL SHARES & DEPOSITS | 54,187,420 |
| TOTAL LIABILITIES | 56,284,352 |
| Regular Reserve | 0 |
| Other Reserves | 1,237,136 |
| Undivided Earnings | 3,651,931 |
| TOTAL EQUITY | 4,889,067 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,173,419 |
| INCOME & EXPENSE | |
| Loan Income | 1,804,674 |
| Investment Income | 453,796 |
| Other Income | 489,218 |
| Total Employee Compensation & Benefits | 881,031 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,076,339 |
| Non-operating Income & (Expense) | -73,721 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,847 |
| Cost of Funds | 680,819 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,932 |
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