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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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