Sep, 30, 2025 — LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $19.40 million in total assets. Opened 90 years ago in 1936, LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION has about 935 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1286 E 38th St ERIE, PA 16504-3039 |
| Phone: | (814) 825-6763 |
| Fax: | (814) 825-4141 |
| Website: | https://www.locomotivecontrolefcu.c |
| Branches: | 1 branch locations |
| Members: | 935 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1111 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,398,651 |
| CEO/Manager: | DEBRA A CRANE |
| Chairperson: | Theodore I Freeman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 584,540 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,977,672 |
| Unsecured Loans | 474,085 |
| Other Loans | 1,386,375 |
| TOTAL LOANS | 4,838,132 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,021 |
| Land And Building | 4,561 |
| Other Fixed Assets | 50,679 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 143,848 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,398,651 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 53,042 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 43,689 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 937,934 |
| Regular shares | 10,089,880 |
| All Other Shares & Deposits | 3,241,774 |
| TOTAL SHARES & DEPOSITS | 14,269,588 |
| TOTAL LIABILITIES | 14,366,319 |
| Regular Reserve | 0 |
| Other Reserves | 300,000 |
| Undivided Earnings | 4,732,332 |
| TOTAL EQUITY | 5,032,332 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,398,651 |
| INCOME & EXPENSE | |
| Loan Income | 178,805 |
| Investment Income | 451,635 |
| Other Income | 7,364 |
| Total Employee Compensation & Benefits | 104,550 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 149,906 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,650 |
| Cost of Funds | 101,317 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 303,476 |
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