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LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Erie, PA with 1 branch location and about $18.74 million in total assets. Opened 85 years ago in 1936, LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION has about 1,127 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:http://locomotivecontrolefcu.com
Branches:1 branch locations
Members:1,127
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$18,742,195
CEO/Manager:DEBRA A CRANE
Chairperson:Theodore I Freeman

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,196,352
TOTAL INVESTMENTS 12,041,707
Loans Held for Sale 0
 
 Real Estate Loans 2,843,876
 Unsecured Loans 511,792
 Other Loans 1,043,398
 TOTAL LOANS 4,399,066
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,271
 Land And Building 10,360
 Other Fixed Assets 22,278
 NCUSIF Deposit 138,769
 All Other Assets 967,934
  TOTAL ASSETS 18,742,195
LIABILITIES & CAPITAL:  
 Dividends Payable 27,723
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 42,122
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 923,062
 Regular shares 10,872,558
 All Other Shares & Deposits 2,857,069
  TOTAL SHARES & DEPOSITS 14,652,689
  TOTAL LIABILITIES 14,722,534
 Regular Reserve 300,000
 Other Reserves -482
 Undivided Earnings 3,720,143
  TOTAL EQUITY 4,019,661
  TOTAL LIABILITIES, SHARES, & EQUITY 18,742,195
INCOME & EXPENSE  
 Loan Income 219,302
 Investment Income 232,565
 Other Income 42,822
 Total Employee Compensation & Benefits 171,211
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 173,365
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,000
 Cost of Funds 48,349
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 102,764
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