Dec, 31, 2023 — LAKEWOOD CREDIT UNION is a federally insured state chartered credit union headquartered in RIB LAKE, WI with 1 branch location and about $13.60 million in total assets. Opened 63 years ago in 1961, LAKEWOOD CREDIT UNION has about 1,163 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LAKEWOOD CREDIT UNION |
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Address: (Main Office) | 1003 Railroad St RIB LAKE, WI 54470 |
Phone: | (715) 427-5201 |
Fax: | (715) 427-5882 |
Website: | https://www.lakewoodcu.org |
Branches: | 1 branch locations |
Members: | 1,163 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66999 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,595,692 |
CEO/Manager: | Jonathan Roepke |
Chairperson: | Glenn A Harder |
ASSETS: | $ Amount |
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Cash & Equivalents | 854,714 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,807,382 |
Unsecured Loans | 210,648 |
Other Loans | 4,329,008 |
TOTAL LOANS | 7,347,037 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,559 |
Land And Building | 215,289 |
Other Fixed Assets | 13,176 |
NCUSIF Deposit | 133,549 |
All Other Assets | 0 |
TOTAL ASSETS | 13,595,692 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 77,891 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,037,668 |
Regular shares | 5,606,883 |
All Other Shares & Deposits | 4,051,537 |
TOTAL SHARES & DEPOSITS | 11,696,088 |
TOTAL LIABILITIES | 11,773,979 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,821,713 |
TOTAL EQUITY | 1,821,713 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,595,692 |
INCOME & EXPENSE | |
Loan Income | 348,064 |
Investment Income | 226,291 |
Other Income | 40,534 |
Total Employee Compensation & Benefits | 264,191 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 247,589 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 993 |
Cost of Funds | 68,399 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 40,136 |
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