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LAKE ERIE COMMUNITY FEDERAL CREDIT UNION

Dec, 31, 2023 — LAKE ERIE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Girard, PA with 1 branch location and about $6.74 million in total assets. Opened 76 years ago in 1948, LAKE ERIE COMMUNITY FEDERAL CREDIT UNION has about 1,251 members and employs 3 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 ERIE COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
721 Rice Ave
Girard, PA 16417-1122
Phone:(814) 774-4130
Fax:(814) 774-5306
Website:https://www.lecfcu.com
Branches:1 branch locations
Members:1,251
Credit Union Type:Federal Credit Union
Charter Number:5951
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1948
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,735,906
CEO/Manager:KRIS RUSSIN
Chairperson:JEREMY ANDERSON

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 455,579
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 929,024
 Other Loans 2,179,778
 TOTAL LOANS 3,108,802
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -683
 Land And Building 0
 Other Fixed Assets 8,350
 NCUSIF Deposit 58,532
 All Other Assets 0
  TOTAL ASSETS 6,735,906
LIABILITIES & CAPITAL:  
 Dividends Payable 111
 Notes & Interest Payable 300,000
 Accounts Payable & Other Liabilities 2,714
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 964,136
 Regular shares 4,270,966
 All Other Shares & Deposits 769,913
  TOTAL SHARES & DEPOSITS 6,005,015
  TOTAL LIABILITIES 6,307,840
 Regular Reserve 0
 Other Reserves 75,552
 Undivided Earnings 352,514
  TOTAL EQUITY 428,066
  TOTAL LIABILITIES, SHARES, & EQUITY 6,735,906
INCOME & EXPENSE  
 Loan Income 131,231
 Investment Income 17,205
 Other Income 19,356
 Total Employee Compensation & Benefits 77,264
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 85,860
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,000
 Cost of Funds 2,938
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,674
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