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L&N EMPLOYEES CREDIT UNION

Dec, 31, 2023 — L&N EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $8.64 million in total assets. Opened 72 years ago in 1952, L&N EMPLOYEES CREDIT UNION has about 1,471 members and employs 4 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: 262087159
Name:L&N EMPLOYEES CREDIT UNION
Address:
(Main Office)
4101 Vanderbilt Rd
BIRMINGHAM, AL 35217
Phone:(205) 841-2544
Fax:(205) 849-6843
Website:https://www.mylncu.com
Branches:2 branch locations
Members:1,471
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62356
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$8,639,376
CEO/Manager:Michelle Cooper
Chairperson:Earnest Long Sr

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 740,159
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,541,916
 Unsecured Loans 427,243
 Other Loans 3,523,209
 TOTAL LOANS 5,492,368
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,609
 Land And Building 89,652
 Other Fixed Assets 34,263
 NCUSIF Deposit 82,205
 All Other Assets 51,640
  TOTAL ASSETS 8,639,376
LIABILITIES & CAPITAL:  
 Dividends Payable 10,856
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 59,731
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,101,086
 Regular shares 2,893,745
 All Other Shares & Deposits 3,096,409
  TOTAL SHARES & DEPOSITS 7,091,240
  TOTAL LIABILITIES 7,161,827
 Regular Reserve 0
 Other Reserves -363,949
 Undivided Earnings 1,841,498
  TOTAL EQUITY 1,477,549
  TOTAL LIABILITIES, SHARES, & EQUITY 8,639,376
INCOME & EXPENSE  
 Loan Income 393,316
 Investment Income 93,047
 Other Income 113,276
 Total Employee Compensation & Benefits 273,395
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 289,343
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 39,057
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,136
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