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LA CROSSE-BURLINGTON CREDIT UNION

Dec, 31, 2023 — LA CROSSE-BURLINGTON CREDIT UNION is a federally insured state chartered credit union headquartered in LA CROSSE, WI with 1 branch location and about $7.65 million in total assets. Opened 69 years ago in 1955, LA CROSSE-BURLINGTON CREDIT UNION has about 915 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LA CROSSE-BURLINGTON CREDIT UNION
Address:
(Main Office)
1735 Credit Union Ct
LA CROSSE, WI 54603
Phone:(608) 781-5040
Fax:(608) 781-5041
Website:https://www.forlbcu.com
Branches:1 branch locations
Members:915
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66406
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$7,651,865
CEO/Manager:Dorothy J Hannon
Chairperson:Andrew J Brye

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,665,564
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,309
 Unsecured Loans 203,756
 Other Loans 2,891,494
 TOTAL LOANS 3,103,559
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,185
 Land And Building 15,411
 Other Fixed Assets 2,150
 NCUSIF Deposit 70,101
 All Other Assets 0
  TOTAL ASSETS 7,651,865
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,872
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,143,536
 Regular shares 3,556,145
 All Other Shares & Deposits 957,213
  TOTAL SHARES & DEPOSITS 6,656,894
  TOTAL LIABILITIES 6,680,766
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 971,099
  TOTAL EQUITY 971,099
  TOTAL LIABILITIES, SHARES, & EQUITY 7,651,865
INCOME & EXPENSE  
 Loan Income 115,873
 Investment Income 177,666
 Other Income 33,023
 Total Employee Compensation & Benefits 40,548
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 166,746
 Non-operating Income & (Expense) 6,680
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,700
 Cost of Funds 23,126
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 75,122
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