Mar, 31, 2021 — LINCONE FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 3 branch locations and about $170.67 million in total assets. Opened 66 years ago in 1955, LINCONE FEDERAL CREDIT UNION has about 17,609 members and employs 39 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) | PO BOX 30659 LINCOLN, NE 68503-0659 |
| Phone: | (402) 441-3555 |
| Fax: | (402) 441-3566 |
| Website: | http://www.linconefcu.org |
| Branches: | 3 branch locations |
| Members: | 17,609 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $170,674,386 |
| CEO/Manager: | Jerry E Barnett |
| Chairperson: | Sharon K Bowen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,524,370 |
| TOTAL INVESTMENTS | 49,833,286 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,876,952 |
| Unsecured Loans | 5,984,174 |
| Other Loans | 42,158,793 |
| TOTAL LOANS | 67,019,919 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -390,725 |
| Land And Building | 3,367,729 |
| Other Fixed Assets | 334,149 |
| NCUSIF Deposit | 1,321,141 |
| All Other Assets | 3,664,517 |
| TOTAL ASSETS | 170,674,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 717,194 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,192,592 |
| Regular shares | 109,374,869 |
| All Other Shares & Deposits | 11,482,139 |
| TOTAL SHARES & DEPOSITS | 156,049,600 |
| TOTAL LIABILITIES | 156,766,794 |
| Regular Reserve | 3,186,485 |
| Other Reserves | 100,000 |
| Undivided Earnings | 10,621,107 |
| TOTAL EQUITY | 13,907,592 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 170,674,386 |
| INCOME & EXPENSE | |
| Loan Income | 897,827 |
| Investment Income | 246,962 |
| Other Income | 192,798 |
| Total Employee Compensation & Benefits | 712,851 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 684,273 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 20,758 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 157,937 |
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