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LANECO FEDERAL CREDIT UNION

Mar, 31, 2021 — LANECO FEDERAL CREDIT UNION is a federal credit union headquartered in EUGENE, OR with 1 branch location and about $18.55 million in total assets. Opened 63 years ago in 1958, LANECO FEDERAL CREDIT UNION has about 1,762 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:1,762
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:$18,552,584
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 1,328,315
TOTAL INVESTMENTS 9,725,502
Loans Held for Sale 0
 
 Real Estate Loans 135,309
 Unsecured Loans 291,920
 Other Loans 6,528,123
 TOTAL LOANS 6,955,352
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,133
 Land And Building 267,725
 Other Fixed Assets 17,439
 NCUSIF Deposit 158,093
 All Other Assets 107,291
  TOTAL ASSETS 18,552,584
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 62,319
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,583,678
 Regular shares 11,860,290
 All Other Shares & Deposits 1,633,129
  TOTAL SHARES & DEPOSITS 17,077,097
  TOTAL LIABILITIES 17,139,416
 Regular Reserve 1,007,162
 Other Reserves 0
 Undivided Earnings 406,006
  TOTAL EQUITY 1,413,168
  TOTAL LIABILITIES, SHARES, & EQUITY 18,552,584
INCOME & EXPENSE  
 Loan Income 67,694
 Investment Income 27,008
 Other Income 1,581
 Total Employee Compensation & Benefits 49,643
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 78,719
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -212
 Cost of Funds 463
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 27,989
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