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LINN - CO FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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