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LANECO FEDERAL CREDIT UNION

Dec, 31, 2020 — LANECO FEDERAL CREDIT UNION is a federal credit union headquartered in EUGENE, OR with 1 branch location and about $19.00 million in total assets. Opened 63 years ago in 1958, LANECO FEDERAL CREDIT UNION has about 1,784 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:1,784
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:$19,002,395
CEO/Manager:Loreen A Ervin
Chairperson:Manetta M Deggelman

Call Report

  • Debt Cancellation/Suspension
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,357,368
TOTAL INVESTMENTS 9,975,502
Loans Held for Sale 0
 
 Real Estate Loans 150,485
 Unsecured Loans 325,954
 Other Loans 6,671,074
 TOTAL LOANS 7,147,513
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,133
 Land And Building 270,515
 Other Fixed Assets 19,039
 NCUSIF Deposit 158,093
 All Other Assets 81,498
  TOTAL ASSETS 19,002,395
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 59,081
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,767,875
 Regular shares 12,144,019
 All Other Shares & Deposits 1,646,241
  TOTAL SHARES & DEPOSITS 17,558,135
  TOTAL LIABILITIES 17,617,216
 Regular Reserve 1,007,162
 Other Reserves 0
 Undivided Earnings 378,017
  TOTAL EQUITY 1,385,179
  TOTAL LIABILITIES, SHARES, & EQUITY 19,002,395
INCOME & EXPENSE  
 Loan Income 283,218
 Investment Income 164,128
 Other Income 174,367
 Total Employee Compensation & Benefits 196,245
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 325,222
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,018
 Cost of Funds 3,835
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 98,429
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