Dec, 31, 2020 — MT LEBANON FEDERAL CREDIT UNION is a federal credit union headquartered in Pittsburgh, PA with 1 branch location and about $10.99 million in total assets. Opened 85 years ago in 1936, MT LEBANON FEDERAL CREDIT UNION has about 583 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MT LEBANON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7 Horsman Dr Pittsburgh, PA 15228 |
| Phone: | (412) 344-2013 |
| Fax: | (412) 344-2187 |
| Website: | http://www.mtlcu.org |
| Branches: | 1 branch locations |
| Members: | 583 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1057 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,985,899 |
| CEO/Manager: | Steven J Vais |
| Chairperson: | David E Black |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,071,637 |
| TOTAL INVESTMENTS | 7,500,151 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,136,740 |
| Unsecured Loans | 408,338 |
| Other Loans | 766,739 |
| TOTAL LOANS | 2,311,817 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,752 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 72,828 |
| All Other Assets | 37,218 |
| TOTAL ASSETS | 10,985,899 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,590 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 82,403 |
| Regular shares | 8,805,896 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 8,888,299 |
| TOTAL LIABILITIES | 8,889,889 |
| Regular Reserve | 156,832 |
| Other Reserves | 0 |
| Undivided Earnings | 1,939,178 |
| TOTAL EQUITY | 2,096,010 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,985,899 |
| INCOME & EXPENSE | |
| Loan Income | 102,737 |
| Investment Income | 158,301 |
| Other Income | 1,504 |
| Total Employee Compensation & Benefits | 76,416 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 61,381 |
| Non-operating Income & (Expense) | -3,609 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,611 |
| Cost of Funds | 70,261 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 52,486 |
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