Credit Unions Near Me
National Credit Union Service Organization

LAKE CHEM COMMUNITY FEDERAL CREDIT UNION

Dec, 31, 2023 — LAKE CHEM COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BENTON, KY with 3 branch locations and about $90.40 million in total assets. Opened 53 years ago in 1971, LAKE CHEM COMMUNITY FEDERAL CREDIT UNION has about 13,626 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LAKE CHEM COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
35 US Highway 68 E
BENTON, KY 42025
Phone:(270) 527-4389
Fax:(270) 527-4141
Website:https://www.lakechemfcu.org
Branches:3 branch locations
Members:13,626
Credit Union Type:Federal Credit Union
Charter Number:20641
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1971
Last Audited:Mar 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$90,402,994
CEO/Manager:Connie Evans
Chairperson:Mark Shoulta

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,793,330
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 29,234,888
 Unsecured Loans 1,568,739
 Other Loans 41,592,873
 TOTAL LOANS 72,396,500
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -168,035
 Land And Building 3,436,007
 Other Fixed Assets 192,996
 NCUSIF Deposit 745,434
 All Other Assets 0
  TOTAL ASSETS 90,402,994
LIABILITIES & CAPITAL:  
 Dividends Payable 155,685
 Notes & Interest Payable 667,106
 Accounts Payable & Other Liabilities 56,541
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,065,926
 Regular shares 39,709,355
 All Other Shares & Deposits 24,653,508
  TOTAL SHARES & DEPOSITS 81,428,788
  TOTAL LIABILITIES 82,308,120
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 8,094,874
  TOTAL EQUITY 8,094,874
  TOTAL LIABILITIES, SHARES, & EQUITY 90,402,994
INCOME & EXPENSE  
 Loan Income 3,405,119
 Investment Income 343,624
 Other Income 471,496
 Total Employee Compensation & Benefits 1,287,685
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,025,426
 Non-operating Income & (Expense) 9,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 117,372
 Cost of Funds 814,934
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,156,749
↑ Back to Top

Other Credit Unions

MUHLENBERG COMMUNITY HOSPITAL CREDIT UNION
440 Hopkinsville St
GREENVILLE, KY 42345-1124
SECURITY PLUS FEDERAL CREDIT UNION
232 HOPKINSVILLE RD
RUSSELLVILLE, KY 42276
PADUCAH TEACHERS FEDERAL CREDIT UNION
PO Box 2550
PADUCAH, KY 42002
SHAWNEE TVA EMPLOYEES FEDERAL CREDIT UNION
7755 METROPOLIS LAKE RD
WEST PADUCAH, KY 42086
REGIONAL MEDICAL CTR HOPKINS CO EMP FEDERAL CREDIT UNION
200 Clinic Dr
MADISONVILLE, KY 42431
GIBBS ALUMINUM FEDERAL CREDIT UNION
3093 Ohio Dr
HENDERSON, KY 42420
MSU FEDERAL CREDIT UNION
202 General Services Building
MURRAY, KY 42071-3368
YOUR HOMETOWN FEDERAL CREDIT UNION
2338 State Route 45 N
MAYFIELD, KY 42066
W B H EMPLOYEES FEDERAL CREDIT UNION
2501 Broadway St
PADUCAH, KY 42001-3124
HOPKINS COUNTY TEACHERS FEDERAL CREDIT UNION
320 S Seminary St
MADISONVILLE, KY 42431