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LOGAN CACHE RICH FEDERAL CREDIT UNION

Dec, 31, 2023 — LOGAN CACHE RICH FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $30.03 million in total assets. Opened 61 years ago in 1963, LOGAN CACHE RICH FEDERAL CREDIT UNION has about 2,406 members and employs 5 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: 324379750
Name:LOGAN CACHE RICH FEDERAL CREDIT UNION
Address:
(Main Office)
72 E 700 N
LOGAN, UT 84321
Phone:(435) 563-6882
Fax:(435) 563-2729
Website:https://www.lcrcu.org
Branches:1 branch locations
Members:2,406
Credit Union Type:Federal Credit Union
Charter Number:24763
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1963
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$30,034,078
CEO/Manager:Jordan Burdge
Chairperson:Robin Clement

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 740,067
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,580,551
 Unsecured Loans 305,791
 Other Loans 8,666,162
 TOTAL LOANS 13,552,504
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -69,735
 Land And Building 882,806
 Other Fixed Assets 15,649
 NCUSIF Deposit 282,220
 All Other Assets 0
  TOTAL ASSETS 30,034,078
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 40,814
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,230,309
 Regular shares 20,616,919
 All Other Shares & Deposits 4,196,013
  TOTAL SHARES & DEPOSITS 26,043,241
  TOTAL LIABILITIES 26,084,055
 Regular Reserve 0
 Other Reserves 54,469
 Undivided Earnings 3,895,554
  TOTAL EQUITY 3,950,023
  TOTAL LIABILITIES, SHARES, & EQUITY 30,034,078
INCOME & EXPENSE  
 Loan Income 556,094
 Investment Income 191,529
 Other Income 48,909
 Total Employee Compensation & Benefits 274,595
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 385,326
 Non-operating Income & (Expense) 12,019
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,750
 Cost of Funds 152,708
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,828
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