LANECO FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.laneco.org for more information.
Sep, 30, 2025 — LANECO FEDERAL CREDIT UNION is a federal credit union headquartered in EUGENE, OR with 1 branch location and about $19.32 million in total assets. Opened 68 years ago in 1958, LANECO FEDERAL CREDIT UNION has about 1,647 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LANECO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P O BOX 866 EUGENE, OR 97440-0866 |
| Phone: | (541) 683-5665 |
| Fax: | (541) 683-7126 |
| Website: | https://www.laneco.org |
| Branches: | 1 branch locations |
| Members: | 1,647 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12590 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,315,271 |
| CEO/Manager: | Loreen A Ervin |
| Chairperson: | Manetta M Deggelman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,128,056 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 104,815 |
| Unsecured Loans | 291,273 |
| Other Loans | 6,259,702 |
| TOTAL LOANS | 6,655,790 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,623 |
| Land And Building | 272,310 |
| Other Fixed Assets | 14,163 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 174,753 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,315,271 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 33,763 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,399,677 |
| Regular shares | 11,928,096 |
| All Other Shares & Deposits | 1,575,016 |
| TOTAL SHARES & DEPOSITS | 17,902,789 |
| TOTAL LIABILITIES | 17,936,552 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,378,719 |
| TOTAL EQUITY | 1,378,719 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,315,271 |
| INCOME & EXPENSE | |
| Loan Income | 172,707 |
| Investment Income | 93,321 |
| Other Income | 8,113 |
| Total Employee Compensation & Benefits | 147,965 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 268,610 |
| Non-operating Income & (Expense) | -8 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,415 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -40,119 |
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