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LINN - CO FEDERAL CREDIT UNION

Mar, 31, 2021 — LINN - CO FEDERAL CREDIT UNION is a federal credit union headquartered in LEBANON, OR with 3 branch locations and about $152.62 million in total assets. Opened 65 years ago in 1956, LINN - CO FEDERAL CREDIT UNION has about 17,191 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)
PO BOX 265
LEBANON, OR 97355
Phone:(541) 259-1235
Fax:(541) 259-7986
Website:http://www.linncofcu.org
Branches:3 branch locations
Members:17,191
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:$152,618,638
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 50,254,565
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,101,801
 Unsecured Loans 2,464,705
 Other Loans 90,193,929
 TOTAL LOANS 96,760,435
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,329,161
 Land And Building 3,938,112
 Other Fixed Assets 835,198
 NCUSIF Deposit 1,189,182
 All Other Assets 1,970,307
  TOTAL ASSETS 152,618,638
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 552,856
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,435,900
 Regular shares 49,655,794
 All Other Shares & Deposits 63,830,530
  TOTAL SHARES & DEPOSITS 138,922,224
  TOTAL LIABILITIES 139,475,080
 Regular Reserve 854,213
 Other Reserves 0
 Undivided Earnings 12,289,345
  TOTAL EQUITY 13,143,558
  TOTAL LIABILITIES, SHARES, & EQUITY 152,618,638
INCOME & EXPENSE  
 Loan Income 1,813,144
 Investment Income 5,116
 Other Income 289,176
 Total Employee Compensation & Benefits 716,162
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 699,602
 Non-operating Income & (Expense) 111,313
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 350,000
 Cost of Funds 168,640
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 305,648
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