Dec, 31, 2023 — LASSEN COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in SUSANVILLE, CA with 1 branch location and about $101.21 million in total assets. Opened 58 years ago in 1966, LASSEN COUNTY FEDERAL CREDIT UNION has about 4,573 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LASSEN COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2605 Riverside Dr SUSANVILLE, CA 96130 |
| Phone: | (530) 257-7760 |
| Fax: | (530) 257-9042 |
| Website: | https://www.lassencreditunion.com |
| Branches: | 1 branch locations |
| Members: | 4,573 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17232 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $101,206,617 |
| CEO/Manager: | Dawn T Miller |
| Chairperson: | Sophia Wages |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,377,676 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,553,471 |
| Unsecured Loans | 638,653 |
| Other Loans | 19,129,023 |
| TOTAL LOANS | 52,321,147 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,191 |
| Land And Building | 680,685 |
| Other Fixed Assets | 145,576 |
| NCUSIF Deposit | 921,775 |
| All Other Assets | 43,642 |
| TOTAL ASSETS | 101,206,617 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 499,495 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,723,973 |
| Regular shares | 29,241,150 |
| All Other Shares & Deposits | 43,579,568 |
| TOTAL SHARES & DEPOSITS | 88,544,691 |
| TOTAL LIABILITIES | 89,044,186 |
| Regular Reserve | 0 |
| Other Reserves | -111,000 |
| Undivided Earnings | 12,273,431 |
| TOTAL EQUITY | 12,162,431 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,206,617 |
| INCOME & EXPENSE | |
| Loan Income | 2,040,640 |
| Investment Income | 864,568 |
| Other Income | 117,463 |
| Total Employee Compensation & Benefits | 1,512,388 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,091,040 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 487,230 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 360,688 |
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