Dec, 31, 2022 — 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 87 years ago in 1936, LOCOMOTIVE & CONTROL EMPLOYEES FEDERAL CREDIT UNION has about 1,046 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: | https://locomotivecontrolefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,046 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,808,983 |
| CEO/Manager: | DEBRA A CRANE |
| Chairperson: | Theodore I Freeman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 374,736 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,451,499 |
| Unsecured Loans | 587,945 |
| Other Loans | 1,118,280 |
| TOTAL LOANS | 5,157,724 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,259 |
| Land And Building | 5,700 |
| Other Fixed Assets | 10,719 |
| NCUSIF Deposit | 156,661 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,808,983 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,736 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 52,407 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,196,812 |
| Regular shares | 11,788,420 |
| All Other Shares & Deposits | 2,695,959 |
| TOTAL SHARES & DEPOSITS | 15,681,191 |
| TOTAL LIABILITIES | 15,743,334 |
| Regular Reserve | 0 |
| Other Reserves | 271,646 |
| Undivided Earnings | 3,794,003 |
| TOTAL EQUITY | 4,065,649 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,808,983 |
| INCOME & EXPENSE | |
| Loan Income | 151,826 |
| Investment Income | 86,131 |
| Other Income | 7,180 |
| Total Employee Compensation & Benefits | 121,231 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 121,657 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,015 |
| Cost of Funds | 19,636 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,966 |
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