Dec, 31, 2023 — LA PORTE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, IN with 3 branch locations and about $67.97 million in total assets. Opened 87 years ago in 1937, LA PORTE COMMUNITY FEDERAL CREDIT UNION has about 7,453 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LA PORTE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1800 E Lincolnway LA PORTE, IN 46350 |
Phone: | (219) 326-8050 |
Fax: | (219) 326-1915 |
Website: | https://www.laportecfcu.com |
Branches: | 3 branch locations |
Members: | 7,453 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2051 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $67,966,740 |
CEO/Manager: | Harold R Masterson |
Chairperson: | Alan Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,377,740 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,968,892 |
Unsecured Loans | 3,496,420 |
Other Loans | 29,384,630 |
TOTAL LOANS | 47,849,942 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -264,287 |
Land And Building | 3,282,314 |
Other Fixed Assets | 141,422 |
NCUSIF Deposit | 554,970 |
All Other Assets | 84,070 |
TOTAL ASSETS | 67,966,740 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 72,654 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,578,267 |
Regular shares | 32,201,913 |
All Other Shares & Deposits | 15,948,742 |
TOTAL SHARES & DEPOSITS | 59,728,922 |
TOTAL LIABILITIES | 59,801,576 |
Regular Reserve | 0 |
Other Reserves | 1,042,696 |
Undivided Earnings | 7,122,468 |
TOTAL EQUITY | 8,165,164 |
TOTAL LIABILITIES, SHARES, & EQUITY | 67,966,740 |
INCOME & EXPENSE | |
Loan Income | 2,594,707 |
Investment Income | 324,879 |
Other Income | 817,292 |
Total Employee Compensation & Benefits | 1,181,791 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,645,812 |
Non-operating Income & (Expense) | 19,632 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 251,286 |
Cost of Funds | 254,621 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 993,387 |
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