Dec, 31, 2020 — LINCONE FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 3 branch locations and about $157.52 million in total assets. Opened 66 years ago in 1955, LINCONE FEDERAL CREDIT UNION has about 17,613 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: | 17,613 |
| 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: | $157,518,518 |
| CEO/Manager: | Jerry E Barnett |
| Chairperson: | Sharon K Bowen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,181,771 |
| TOTAL INVESTMENTS | 50,576,286 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,896,048 |
| Unsecured Loans | 6,138,465 |
| Other Loans | 42,356,856 |
| TOTAL LOANS | 68,391,369 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -368,744 |
| Land And Building | 3,397,618 |
| Other Fixed Assets | 332,648 |
| NCUSIF Deposit | 1,321,141 |
| All Other Assets | 3,686,429 |
| TOTAL ASSETS | 157,518,518 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 620,847 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,843,476 |
| Regular shares | 101,260,819 |
| All Other Shares & Deposits | 11,043,724 |
| TOTAL SHARES & DEPOSITS | 143,148,019 |
| TOTAL LIABILITIES | 143,768,866 |
| Regular Reserve | 3,186,485 |
| Other Reserves | 100,000 |
| Undivided Earnings | 10,463,167 |
| TOTAL EQUITY | 13,749,652 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 157,518,518 |
| INCOME & EXPENSE | |
| Loan Income | 3,574,130 |
| Investment Income | 1,215,831 |
| Other Income | 1,678,391 |
| Total Employee Compensation & Benefits | 2,973,212 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,732,299 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 285,000 |
| Cost of Funds | 96,264 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 381,577 |
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