Dec, 31, 2023 — LEHIGH COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENTOWN, PA with 2 branch locations and about $28.98 million in total assets. Opened 59 years ago in 1965, LEHIGH COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,842 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: | LEHIGH COUNTY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 Hamilton St ALLENTOWN, PA 18101 |
| Phone: | (610) 782-3318 |
| Fax: | (610) 817-2783 |
| Website: | https://www.lehighcountycu.com |
| Branches: | 2 branch locations |
| Members: | 1,842 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16746 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,979,758 |
| CEO/Manager: | Christine Kosman |
| Chairperson: | Kathleen M Warren |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,091,158 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,999,610 |
| Unsecured Loans | 192,763 |
| Other Loans | 1,708,485 |
| TOTAL LOANS | 9,900,858 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,497 |
| Land And Building | 0 |
| Other Fixed Assets | 2 |
| NCUSIF Deposit | 252,463 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,979,758 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,495 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,019,236 |
| Regular shares | 19,120,269 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 25,139,506 |
| TOTAL LIABILITIES | 25,146,001 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,833,757 |
| TOTAL EQUITY | 3,833,757 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,979,758 |
| INCOME & EXPENSE | |
| Loan Income | 404,117 |
| Investment Income | 626,868 |
| Other Income | 51,534 |
| Total Employee Compensation & Benefits | 143,983 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 234,208 |
| Non-operating Income & (Expense) | 2 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
| Cost of Funds | 277,056 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 517,447 |
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