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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |