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 |
| 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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