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LAUDERDALE COUNTY TEACHERS CREDIT UNION

Dec, 31, 2023 — LAUDERDALE COUNTY TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in FLORENCE, AL with 1 branch location and about $36.43 million in total assets. Opened 68 years ago in 1956, LAUDERDALE COUNTY TEACHERS CREDIT UNION has about 2,106 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:LAUDERDALE COUNTY TEACHERS CREDIT UNION
Address:
(Main Office)
103 Mangum St
FLORENCE, AL 35630-1559
Phone:(256) 766-2936
Fax:(256) 766-2933
Website:https://www.lctcu.org
Branches:1 branch locations
Members:2,106
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61944
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1956
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$36,428,584
CEO/Manager:Sherry Fulks
Chairperson:Robert A Trimm

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,531,241
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,319,992
 Unsecured Loans 412,226
 Other Loans 5,821,714
 TOTAL LOANS 13,553,932
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -143,413
 Land And Building 160,328
 Other Fixed Assets 17,828
 NCUSIF Deposit 323,143
 All Other Assets 0
  TOTAL ASSETS 36,428,584
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 379,685
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,727,169
 Regular shares 12,469,627
 All Other Shares & Deposits 12,991,293
  TOTAL SHARES & DEPOSITS 32,188,089
  TOTAL LIABILITIES 32,567,774
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,860,810
  TOTAL EQUITY 3,860,810
  TOTAL LIABILITIES, SHARES, & EQUITY 36,428,584
INCOME & EXPENSE  
 Loan Income 531,981
 Investment Income 455,079
 Other Income 96,208
 Total Employee Compensation & Benefits 365,203
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 296,628
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 223,626
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 218,944
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