Dec, 31, 2023 — L. E. O. CREDIT UNION is a federally insured state chartered credit union headquartered in PAINESVILLE, OH with 2 branch locations and about $10.45 million in total assets. Opened 39 years ago in 1985, L. E. O. CREDIT UNION has about 1,693 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L. E. O. CREDIT UNION |
|---|---|
| Address: (Main Office) | 155 Freedom Rd PAINESVILLE, OH 44077 |
| Phone: | (440) 347-3891 |
| Fax: | (440) 347-3897 |
| Website: | https://www.leocu.org |
| Branches: | 2 branch locations |
| Members: | 1,693 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66329 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1985 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,447,502 |
| CEO/Manager: | Jared R Furnia |
| Chairperson: | Daniel O'Brien |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 633,938 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 995,049 |
| Other Loans | 3,826,879 |
| TOTAL LOANS | 4,821,928 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,731 |
| Land And Building | 0 |
| Other Fixed Assets | 353 |
| NCUSIF Deposit | 95,870 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,447,502 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,455 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,899 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 505,051 |
| Regular shares | 6,173,475 |
| All Other Shares & Deposits | 1,705,011 |
| TOTAL SHARES & DEPOSITS | 8,383,537 |
| TOTAL LIABILITIES | 8,407,891 |
| Regular Reserve | 0 |
| Other Reserves | 170,261 |
| Undivided Earnings | 1,869,350 |
| TOTAL EQUITY | 2,039,611 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,447,502 |
| INCOME & EXPENSE | |
| Loan Income | 367,334 |
| Investment Income | 73,142 |
| Other Income | 42,510 |
| Total Employee Compensation & Benefits | 209,101 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 291,867 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,242 |
| Cost of Funds | 43,684 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -224,773 |
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