Dec, 31, 2023 — LINN - CO FEDERAL CREDIT UNION is a federal credit union headquartered in LEBANON, OR with 3 branch locations and about $157.40 million in total assets. Opened 68 years ago in 1956, LINN - CO FEDERAL CREDIT UNION has about 13,542 members and employs 42 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 |
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Address: (Main Office) | 485 S 2nd St LEBANON, OR 97355-3326 |
Phone: | (541) 259-1235 |
Fax: | (541) 259-7986 |
Website: | https://www.linncofcu.org |
Branches: | 3 branch locations |
Members: | 13,542 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10779 |
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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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $157,396,156 |
CEO/Manager: | Carol Cromwell |
Chairperson: | Randy Whitfield |
ASSETS: | $ Amount |
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Cash & Equivalents | 18,897,682 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,685,156 |
Unsecured Loans | 2,587,665 |
Other Loans | 103,366,908 |
TOTAL LOANS | 129,639,729 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,509,589 |
Land And Building | 3,734,956 |
Other Fixed Assets | 689,946 |
NCUSIF Deposit | 1,365,955 |
All Other Assets | 0 |
TOTAL ASSETS | 157,396,156 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,156,100 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,176,981 |
Regular shares | 48,087,536 |
All Other Shares & Deposits | 65,870,957 |
TOTAL SHARES & DEPOSITS | 138,135,477 |
TOTAL LIABILITIES | 139,291,577 |
Regular Reserve | 0 |
Other Reserves | 854,213 |
Undivided Earnings | 17,250,366 |
TOTAL EQUITY | 18,104,579 |
TOTAL LIABILITIES, SHARES, & EQUITY | 157,396,156 |
INCOME & EXPENSE | |
Loan Income | 10,203,866 |
Investment Income | 649,750 |
Other Income | 1,291,247 |
Total Employee Compensation & Benefits | 3,369,524 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,098,157 |
Non-operating Income & (Expense) | 43,443 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,095,751 |
Cost of Funds | 1,421,090 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,313,937 |
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