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LAKEVIEW FEDERAL CREDIT UNION

Dec, 31, 2023 — LAKEVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in ASHTABULA, OH with 3 branch locations and about $146.89 million in total assets. Opened 63 years ago in 1961, LAKEVIEW FEDERAL CREDIT UNION has about 9,212 members and employs 22 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: 241273780
Name:LAKEVIEW FEDERAL CREDIT UNION
Address:
(Main Office)
2909 State Rd
ASHTABULA, OH 44004
Phone:(440) 998-2707
Fax:(440) 992-7009
Website:https://lakeviewfcu.com
Branches:3 branch locations
Members:9,212
Credit Union Type:Federal Credit Union
Charter Number:14584
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$146,888,766
CEO/Manager:Jamie M Ortiz
Chairperson:Arthur C Risley

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,110,854
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 47,330,436
 Unsecured Loans 1,517,351
 Other Loans 12,655,101
 TOTAL LOANS 61,715,209
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -478,489
 Land And Building 1,252,773
 Other Fixed Assets 128,979
 NCUSIF Deposit 1,262,102
 All Other Assets 0
  TOTAL ASSETS 146,888,766
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 571,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,523,366
 Regular shares 34,542,730
 All Other Shares & Deposits 75,281,505
  TOTAL SHARES & DEPOSITS 131,347,601
  TOTAL LIABILITIES 131,918,788
 Regular Reserve 0
 Other Reserves -892,087
 Undivided Earnings 15,862,065
  TOTAL EQUITY 14,969,978
  TOTAL LIABILITIES, SHARES, & EQUITY 146,888,766
INCOME & EXPENSE  
 Loan Income 3,316,715
 Investment Income 1,366,318
 Other Income 419,994
 Total Employee Compensation & Benefits 1,532,749
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,078,270
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 84,636
 Cost of Funds 1,447,398
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 512,050
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