Jun, 30, 2021 — LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Erie, PA with 1 branch location and about $19.88 million in total assets. Opened 85 years ago in 1936, LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION has about 1,099 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: | 1,099 |
| 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: | $19,880,174 |
| CEO/Manager: | DEBRA A CRANE |
| Chairperson: | Theodore I Freeman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 926,563 |
| TOTAL INVESTMENTS | 13,402,280 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,984,676 |
| Unsecured Loans | 506,641 |
| Other Loans | 940,877 |
| TOTAL LOANS | 4,432,194 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,959 |
| Land And Building | 8,382 |
| Other Fixed Assets | 18,975 |
| NCUSIF Deposit | 145,735 |
| All Other Assets | 980,004 |
| TOTAL ASSETS | 19,880,174 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27,851 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 44,857 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 974,758 |
| Regular shares | 11,596,224 |
| All Other Shares & Deposits | 3,183,929 |
| TOTAL SHARES & DEPOSITS | 15,754,911 |
| TOTAL LIABILITIES | 15,827,619 |
| Regular Reserve | 300,000 |
| Other Reserves | 92 |
| Undivided Earnings | 3,752,463 |
| TOTAL EQUITY | 4,052,555 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,880,174 |
| INCOME & EXPENSE | |
| Loan Income | 99,732 |
| Investment Income | 84,857 |
| Other Income | 3,903 |
| Total Employee Compensation & Benefits | 77,857 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 76,629 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 20,733 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,320 |
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