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LANECO FEDERAL CREDIT UNION

Jun, 30, 2024 — 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 67 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)
74 Centennial Loop # A
EUGENE, OR 97401-2451
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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 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 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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