Dec, 31, 2023 — LONGSHOREMEN'S LOCAL 4 FEDERAL CREDIT UNION is a federal credit union headquartered in VANCOUVER, WA with 1 branch location and about $39.71 million in total assets. Opened 68 years ago in 1956, LONGSHOREMEN'S LOCAL 4 FEDERAL CREDIT UNION has about 1,051 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) | 1209 Ingalls St VANCOUVER, WA 98660-2722 |
| Phone: | (360) 694-7751 |
| Fax: | (360) 694-6469 |
| Website: | https://www.lshore4cu.com |
| Branches: | 1 branch locations |
| Members: | 1,051 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10799 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,713,308 |
| CEO/Manager: | DeLin Drake |
| Chairperson: | Bradley A Dark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,340,554 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,547,278 |
| Unsecured Loans | 1,035,338 |
| Other Loans | 7,014,384 |
| TOTAL LOANS | 17,597,001 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,251 |
| Land And Building | 289,185 |
| Other Fixed Assets | 402 |
| NCUSIF Deposit | 325,609 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,713,308 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,182 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 104,738 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,185,959 |
| Regular shares | 13,685,586 |
| All Other Shares & Deposits | 14,037,773 |
| TOTAL SHARES & DEPOSITS | 31,909,318 |
| TOTAL LIABILITIES | 32,015,238 |
| Regular Reserve | 0 |
| Other Reserves | 4,799 |
| Undivided Earnings | 7,693,271 |
| TOTAL EQUITY | 7,698,070 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,713,308 |
| INCOME & EXPENSE | |
| Loan Income | 820,100 |
| Investment Income | 740,032 |
| Other Income | 55,022 |
| Total Employee Compensation & Benefits | 520,265 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 329,980 |
| Non-operating Income & (Expense) | 10,224 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,513 |
| Cost of Funds | 86,542 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 779,252 |
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