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LANECO FEDERAL CREDIT UNION

Jun, 30, 2021 — LANECO FEDERAL CREDIT UNION is a federal credit union headquartered in EUGENE, OR with 1 branch location and about $19.18 million in total assets. Opened 63 years ago in 1958, LANECO FEDERAL CREDIT UNION has about 1,760 members and employs 4 full and part-time employees 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:http://www.laneco.org
Branches:1 branch locations
Members:1,760
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$19,176,030
CEO/Manager:Loreen A Ervin
Chairperson:Manetta M Deggelman

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,127,983
TOTAL INVESTMENTS 10,721,502
Loans Held for Sale 0
 
 Real Estate Loans 90,292
 Unsecured Loans 280,408
 Other Loans 6,354,246
 TOTAL LOANS 6,724,946
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,133
 Land And Building 264,935
 Other Fixed Assets 15,201
 NCUSIF Deposit 173,655
 All Other Assets 154,941
  TOTAL ASSETS 19,176,030
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 37,755
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,685,865
 Regular shares 12,381,395
 All Other Shares & Deposits 1,616,330
  TOTAL SHARES & DEPOSITS 17,683,590
  TOTAL LIABILITIES 17,721,345
 Regular Reserve 1,007,162
 Other Reserves 0
 Undivided Earnings 447,523
  TOTAL EQUITY 1,454,685
  TOTAL LIABILITIES, SHARES, & EQUITY 19,176,030
INCOME & EXPENSE  
 Loan Income 132,382
 Investment Income 48,700
 Other Income 2,442
 Total Employee Compensation & Benefits 99,913
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 178,754
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -532
 Cost of Funds 941
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 69,506
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