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LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Erie, PA with 1 branch location and about $19.81 million in total assets. Opened 85 years ago in 1936, LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION has about 1,102 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:1,102
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:$19,812,899
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 1,347,437
TOTAL INVESTMENTS 12,947,463
Loans Held for Sale 0
 
 Real Estate Loans 2,935,580
 Unsecured Loans 486,159
 Other Loans 989,571
 TOTAL LOANS 4,411,310
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,959
 Land And Building 9,371
 Other Fixed Assets 20,627
 NCUSIF Deposit 138,769
 All Other Assets 971,881
  TOTAL ASSETS 19,812,899
LIABILITIES & CAPITAL:  
 Dividends Payable 27,980
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 45,540
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,033,609
 Regular shares 11,477,421
 All Other Shares & Deposits 3,193,293
  TOTAL SHARES & DEPOSITS 15,704,323
  TOTAL LIABILITIES 15,777,843
 Regular Reserve 300,000
 Other Reserves 274
 Undivided Earnings 3,734,782
  TOTAL EQUITY 4,035,056
  TOTAL LIABILITIES, SHARES, & EQUITY 19,812,899
INCOME & EXPENSE  
 Loan Income 49,959
 Investment Income 43,959
 Other Income 1,440
 Total Employee Compensation & Benefits 38,752
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,742
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 10,637
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,638
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