Dec, 31, 2023 — LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $18.83 million in total assets. Opened 88 years ago in 1936, LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION has about 1,028 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 |
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Address: (Main Office) | 1286 E 38th St ERIE, PA 16504-3039 |
Phone: | (814) 825-6763 |
Fax: | (814) 825-4141 |
Website: | https://locomotivecontrolefcu.com |
Branches: | 1 branch locations |
Members: | 1,028 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1111 |
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Membership Type: | Multiple common bond - Primarily transportation equipment |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,828,741 |
CEO/Manager: | DEBRA A CRANE |
Chairperson: | Theodore I Freeman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,282,045 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,299,341 |
Unsecured Loans | 588,478 |
Other Loans | 1,450,333 |
TOTAL LOANS | 5,338,153 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,096 |
Land And Building | 5,225 |
Other Fixed Assets | 17,035 |
NCUSIF Deposit | 151,766 |
All Other Assets | 0 |
TOTAL ASSETS | 18,828,741 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 45,073 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 51,149 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,170,271 |
Regular shares | 10,700,727 |
All Other Shares & Deposits | 2,520,348 |
TOTAL SHARES & DEPOSITS | 14,391,345 |
TOTAL LIABILITIES | 14,487,567 |
Regular Reserve | 0 |
Other Reserves | 300,000 |
Undivided Earnings | 4,041,174 |
TOTAL EQUITY | 4,341,174 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,828,741 |
INCOME & EXPENSE | |
Loan Income | 245,715 |
Investment Income | 282,752 |
Other Income | 10,242 |
Total Employee Compensation & Benefits | 150,066 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 167,856 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,000 |
Cost of Funds | 63,621 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 199,377 |
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» See also Statement of Financial Condition