Dec, 31, 2021 — LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ERIE, PA with 1 branch location and about $19.92 million in total assets. Opened 86 years ago in 1936, LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION has about 1,082 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: | http://locomotivecontrolefcu.com |
Branches: | 1 branch locations |
Members: | 1,082 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,922,444 |
CEO/Manager: | DEBRA A CRANE |
Chairperson: | Theodore I Freeman |
ASSETS: | $ Amount |
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Cash & Equivalents | 961,335 |
TOTAL INVESTMENTS | 13,465,299 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,860,726 |
Unsecured Loans | 538,043 |
Other Loans | 974,235 |
TOTAL LOANS | 4,373,004 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,158 |
Land And Building | 7,027 |
Other Fixed Assets | 15,673 |
NCUSIF Deposit | 145,735 |
All Other Assets | 987,529 |
TOTAL ASSETS | 19,922,444 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 31,607 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 50,225 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 904,359 |
Regular shares | 11,879,043 |
All Other Shares & Deposits | 2,989,063 |
TOTAL SHARES & DEPOSITS | 15,772,465 |
TOTAL LIABILITIES | 15,854,297 |
Regular Reserve | 300,000 |
Other Reserves | -3,890 |
Undivided Earnings | 3,772,037 |
TOTAL EQUITY | 4,068,147 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,922,444 |
INCOME & EXPENSE | |
Loan Income | 196,699 |
Investment Income | 146,659 |
Other Income | 7,628 |
Total Employee Compensation & Benefits | 167,736 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 151,781 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -801 |
Cost of Funds | 39,990 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 51,794 |
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