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LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION

Dec, 31, 2023 — LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 1 branch location and about $45.09 million in total assets. Opened 90 years ago in 1934, LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION has about 2,959 members and employs 8 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: 283079353
Name:LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION
Address:
(Main Office)
820 W Broadway
LOUISVILLE, KY 40202
Phone:(502) 627-3140
Fax:(502) 627-4670
Website:https://www.lgecu.org
Branches:1 branch locations
Members:2,959
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61123
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$45,089,724
CEO/Manager:Sharon L Beaven
Chairperson:Samantha Stickler

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,140,129
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,562,109
 Unsecured Loans 2,044,474
 Other Loans 15,933,673
 TOTAL LOANS 28,551,948
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -98,276
 Land And Building 0
 Other Fixed Assets 22,878
 NCUSIF Deposit 370,565
 All Other Assets 0
  TOTAL ASSETS 45,089,724
LIABILITIES & CAPITAL:  
 Dividends Payable 73
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 290,081
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,688,465
 Regular shares 15,184,787
 All Other Shares & Deposits 19,018,166
  TOTAL SHARES & DEPOSITS 37,891,418
  TOTAL LIABILITIES 38,181,572
 Regular Reserve 0
 Other Reserves 514,475
 Undivided Earnings 6,393,677
  TOTAL EQUITY 6,908,152
  TOTAL LIABILITIES, SHARES, & EQUITY 45,089,724
INCOME & EXPENSE  
 Loan Income 1,220,830
 Investment Income 526,434
 Other Income 86,654
 Total Employee Compensation & Benefits 528,476
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 620,890
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 374
 Cost of Funds 543,735
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 328,054
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