Jun, 30, 2024 — LINN - CO FEDERAL CREDIT UNION is a federal credit union headquartered in LEBANON, OR with 3 branch locations and about $163.91 million in total assets. Opened 68 years ago in 1956, LINN - CO FEDERAL CREDIT UNION has about 14,744 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: | https://www.linncofcu.org |
| Branches: | 3 branch locations |
| Members: | 14,744 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $163,912,105 |
| CEO/Manager: | Carol Cromwell |
| Chairperson: | Randy Whitfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,425,153 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,488,125 |
| Unsecured Loans | 2,321,361 |
| Other Loans | 85,403,243 |
| TOTAL LOANS | 109,212,729 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,054,797 |
| Land And Building | 3,827,287 |
| Other Fixed Assets | 716,846 |
| NCUSIF Deposit | 1,376,459 |
| All Other Assets | 0 |
| TOTAL ASSETS | 163,912,105 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 700,539 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,521,765 |
| Regular shares | 57,832,988 |
| All Other Shares & Deposits | 59,259,941 |
| TOTAL SHARES & DEPOSITS | 146,614,694 |
| TOTAL LIABILITIES | 147,315,233 |
| Regular Reserve | 0 |
| Other Reserves | 854,213 |
| Undivided Earnings | 15,742,659 |
| TOTAL EQUITY | 16,596,872 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 163,912,105 |
| INCOME & EXPENSE | |
| Loan Income | 5,101,077 |
| Investment Income | 304,309 |
| Other Income | 941,444 |
| Total Employee Compensation & Benefits | 2,227,437 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,689,371 |
| Non-operating Income & (Expense) | 173,236 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -500,000 |
| Cost of Funds | 241,654 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,925,795 |
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