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LINN - CO FEDERAL CREDIT UNION

Jun, 30, 2021 — LINN - CO FEDERAL CREDIT UNION is a federal credit union headquartered in LEBANON, OR with 3 branch locations and about $157.22 million in total assets. Opened 65 years ago in 1956, LINN - CO FEDERAL CREDIT UNION has about 16,948 members and employs 39 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:16,948
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:$157,223,154
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 60,790,926
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,279,597
 Unsecured Loans 2,135,535
 Other Loans 82,319,673
 TOTAL LOANS 90,734,805
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,170,918
 Land And Building 3,918,198
 Other Fixed Assets 797,681
 NCUSIF Deposit 1,257,455
 All Other Assets 1,895,007
  TOTAL ASSETS 157,223,154
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 455,949
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 26,217,214
 Regular shares 52,929,934
 All Other Shares & Deposits 63,978,791
  TOTAL SHARES & DEPOSITS 143,125,939
  TOTAL LIABILITIES 143,581,888
 Regular Reserve 854,213
 Other Reserves 0
 Undivided Earnings 12,787,053
  TOTAL EQUITY 13,641,266
  TOTAL LIABILITIES, SHARES, & EQUITY 157,223,154
INCOME & EXPENSE  
 Loan Income 3,582,836
 Investment Income 10,761
 Other Income 610,859
 Total Employee Compensation & Benefits 1,474,275
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,424,012
 Non-operating Income & (Expense) 121,878
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 350,000
 Cost of Funds 323,864
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 803,357
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