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LINN - CO FEDERAL CREDIT UNION

Dec, 31, 2020 — LINN - CO FEDERAL CREDIT UNION is a federal credit union headquartered in LEBANON, OR with 3 branch locations and about $145.37 million in total assets. Opened 65 years ago in 1956, LINN - CO FEDERAL CREDIT UNION has about 17,447 members and employs 43 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)
PO BOX 265
LEBANON, OR 97355
Phone:(541) 259-1235
Fax:(541) 259-7986
Website:http://www.linncofcu.org
Branches:3 branch locations
Members:17,447
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$145,368,229
CEO/Manager:Carol Cromwell
Chairperson:Randy Whitfield

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 49,850,768
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,379,243
 Unsecured Loans 2,661,930
 Other Loans 83,801,407
 TOTAL LOANS 90,842,580
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,322,213
 Land And Building 3,958,497
 Other Fixed Assets 831,873
 NCUSIF Deposit 1,189,182
 All Other Assets 1,017,542
  TOTAL ASSETS 145,368,229
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 73,980
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,505,526
 Regular shares 46,822,931
 All Other Shares & Deposits 62,127,881
  TOTAL SHARES & DEPOSITS 132,456,338
  TOTAL LIABILITIES 132,530,318
 Regular Reserve 854,213
 Other Reserves 0
 Undivided Earnings 11,983,698
  TOTAL EQUITY 12,837,911
  TOTAL LIABILITIES, SHARES, & EQUITY 145,368,229
INCOME & EXPENSE  
 Loan Income 8,207,265
 Investment Income 31,860
 Other Income 1,260,671
 Total Employee Compensation & Benefits 2,932,045
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,865,343
 Non-operating Income & (Expense) 215,797
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,378,000
 Cost of Funds 955,677
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 584,528
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