Mar, 31, 2022 — LINCONE FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 3 branch locations and about $178.17 million in total assets. Opened 67 years ago in 1955, LINCONE FEDERAL CREDIT UNION has about 17,517 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LINCONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4638 W St LINCOLN, NE 68503 |
| Phone: | (402) 441-3555 |
| Fax: | (402) 441-3566 |
| Website: | http://www.linconefcu.org |
| Branches: | 3 branch locations |
| Members: | 17,517 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10585 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $178,165,831 |
| CEO/Manager: | Jerry E Barnett |
| Chairperson: | Roger Peterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 48,389,216 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,016,692 |
| Unsecured Loans | 6,556,222 |
| Other Loans | 40,804,172 |
| TOTAL LOANS | 65,377,086 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -375,876 |
| Land And Building | 3,220,698 |
| Other Fixed Assets | 305,603 |
| NCUSIF Deposit | 1,521,122 |
| All Other Assets | 0 |
| TOTAL ASSETS | 178,165,831 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 691,837 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,248,303 |
| Regular shares | 118,123,686 |
| All Other Shares & Deposits | 11,692,294 |
| TOTAL SHARES & DEPOSITS | 163,064,283 |
| TOTAL LIABILITIES | 163,756,120 |
| Regular Reserve | 0 |
| Other Reserves | 100,000 |
| Undivided Earnings | 14,309,711 |
| TOTAL EQUITY | 14,409,711 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 178,165,831 |
| INCOME & EXPENSE | |
| Loan Income | 907,819 |
| Investment Income | 155,966 |
| Other Income | 244,187 |
| Total Employee Compensation & Benefits | 774,113 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 730,263 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 53,000 |
| Cost of Funds | 20,375 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,029 |
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