Dec, 31, 2023 — LATINO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 15 branch locations and about $1.03 billion in total assets. Opened 24 years ago in 2000, LATINO COMMUNITY CREDIT UNION has about 133,792 members and employs 245 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LATINO COMMUNITY CREDIT UNION |
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Address: (Main Office) | 100 W Morgan St DURHAM, NC 27701-3315 |
Phone: | (919) 688-9270 |
Fax: | (919) 688-9309 |
Website: | https://www.latinoccu.org |
Branches: | 15 branch locations |
Members: | 133,792 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68430 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 2000 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,030,446,543 |
CEO/Manager: | Vicky Garcia |
Chairperson: | David Brehmer |
ASSETS: | $ Amount |
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Cash & Equivalents | 135,073,681 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 595,628,342 |
Unsecured Loans | 18,026,185 |
Other Loans | 241,532,657 |
TOTAL LOANS | 855,187,184 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,401,812 |
Land And Building | 17,539,837 |
Other Fixed Assets | 1,692,564 |
NCUSIF Deposit | 6,150,356 |
All Other Assets | 339,022 |
TOTAL ASSETS | 1,030,446,543 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 775,406 |
Notes & Interest Payable | 39,775,000 |
Accounts Payable & Other Liabilities | 17,918,023 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 99,936,000 |
Share Drafts | 65,415,773 |
Regular shares | 92,805,954 |
All Other Shares & Deposits | 584,357,709 |
TOTAL SHARES & DEPOSITS | 742,579,435 |
TOTAL LIABILITIES | 901,020,781 |
Regular Reserve | 0 |
Other Reserves | 1,350,000 |
Undivided Earnings | 128,075,762 |
TOTAL EQUITY | 129,425,762 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,030,446,543 |
INCOME & EXPENSE | |
Loan Income | 54,051,323 |
Investment Income | 4,811,233 |
Other Income | 4,394,172 |
Total Employee Compensation & Benefits | 16,032,690 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,345,644 |
Non-operating Income & (Expense) | 4,014,930 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,855,101 |
Cost of Funds | 15,983,594 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 20,785,046 |
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