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LONGSHOREMEN'S LOCAL 4 FEDERAL CREDIT UNION

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

Call Report

  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • 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 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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