Dec, 31, 2020 — LONGSHOREMEN'S LOCAL 4 FEDERAL CREDIT UNION is a federal credit union headquartered in VANCOUVER, WA with 1 branch location and about $34.51 million in total assets. Opened 65 years ago in 1956, LONGSHOREMEN'S LOCAL 4 FEDERAL CREDIT UNION has about 1,096 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LONGSHOREMEN'S LOCAL 4 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 61629 VANCOUVER, WA 98666 |
| Phone: | (360) 694-7751 |
| Fax: | (360) 694-6469 |
| Website: | http://www.lshore4cu.com |
| Branches: | 1 branch locations |
| Members: | 1,096 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10799 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,508,100 |
| CEO/Manager: | DeLin Drake |
| Chairperson: | Brian Dircksen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,486,522 |
| TOTAL INVESTMENTS | 10,832,883 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,523,057 |
| Unsecured Loans | 948,939 |
| Other Loans | 5,161,387 |
| TOTAL LOANS | 14,633,383 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,000 |
| Land And Building | 289,185 |
| Other Fixed Assets | 5,219 |
| NCUSIF Deposit | 220,310 |
| All Other Assets | 90,598 |
| TOTAL ASSETS | 34,508,100 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 67,221 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,590,508 |
| Regular shares | 11,720,853 |
| All Other Shares & Deposits | 13,043,662 |
| TOTAL SHARES & DEPOSITS | 28,355,023 |
| TOTAL LIABILITIES | 28,422,248 |
| Regular Reserve | 459,931 |
| Other Reserves | 0 |
| Undivided Earnings | 5,625,921 |
| TOTAL EQUITY | 6,085,852 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,508,100 |
| INCOME & EXPENSE | |
| Loan Income | 659,562 |
| Investment Income | 308,200 |
| Other Income | 176,160 |
| Total Employee Compensation & Benefits | 493,923 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 306,547 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,511 |
| Cost of Funds | 58,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 286,805 |
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