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LAKEWOOD CREDIT UNION

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.


ABA Routing Number: 291580724
Name:LAKEWOOD CREDIT UNION
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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