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LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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
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