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LINN - CO FEDERAL CREDIT UNION

Mar, 31, 2022 — LINN - CO FEDERAL CREDIT UNION is a federal credit union headquartered in LEBANON, OR with 3 branch locations and about $163.57 million in total assets. Opened 66 years ago in 1956, LINN - CO FEDERAL CREDIT UNION has about 15,441 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LINN - CO FEDERAL CREDIT UNION
Address:
(Main Office)
485 S 2nd St
LEBANON, OR 97355-3326
Phone:(541) 259-1235
Fax:(541) 259-7986
Website:http://www.linncofcu.org
Branches:3 branch locations
Members:15,441
Credit Union Type:Federal Credit Union
Charter Number:10779
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1956
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$163,568,268
CEO/Manager:Carol Cromwell
Chairperson:Randy Whitfield

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 57,277,732
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 17,736,374
 Unsecured Loans 2,097,285
 Other Loans 78,244,380
 TOTAL LOANS 98,078,039
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,659,441
 Land And Building 3,858,801
 Other Fixed Assets 718,500
 NCUSIF Deposit 1,359,709
 All Other Assets 0
  TOTAL ASSETS 163,568,268
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 627,061
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,273,847
 Regular shares 59,114,325
 All Other Shares & Deposits 61,419,834
  TOTAL SHARES & DEPOSITS 147,808,006
  TOTAL LIABILITIES 148,435,067
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 15,133,201
  TOTAL EQUITY 15,133,201
  TOTAL LIABILITIES, SHARES, & EQUITY 163,568,268
INCOME & EXPENSE  
 Loan Income 1,568,306
 Investment Income 10,888
 Other Income 301,305
 Total Employee Compensation & Benefits 703,102
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 770,634
 Non-operating Income & (Expense) 125,340
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 88,251
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 462,123
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