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LANECO FEDERAL CREDIT UNION

Mar, 31, 2022 — LANECO FEDERAL CREDIT UNION is a federal credit union headquartered in EUGENE, OR with 1 branch location and about $18.95 million in total assets. Opened 64 years ago in 1958, LANECO FEDERAL CREDIT UNION has about 1,664 members and employs 3 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)
74 Centennial Loop # A
EUGENE, OR 97401-2451
Phone:(541) 683-5665
Fax:(541) 683-7126
Website:http://www.laneco.org
Branches:1 branch locations
Members:1,664
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:$18,953,784
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 1,287,849
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 66,846
 Unsecured Loans 292,912
 Other Loans 5,770,415
 TOTAL LOANS 6,130,173
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,623
 Land And Building 279,052
 Other Fixed Assets 17,681
 NCUSIF Deposit 173,655
 All Other Assets 0
  TOTAL ASSETS 18,953,784
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 43,075
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,880,917
 Regular shares 11,998,709
 All Other Shares & Deposits 1,627,615
  TOTAL SHARES & DEPOSITS 17,507,241
  TOTAL LIABILITIES 17,550,316
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,403,468
  TOTAL EQUITY 1,403,468
  TOTAL LIABILITIES, SHARES, & EQUITY 18,953,784
INCOME & EXPENSE  
 Loan Income 57,911
 Investment Income 24,120
 Other Income 2,057
 Total Employee Compensation & Benefits 50,243
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 83,517
 Non-operating Income & (Expense) -8
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 475
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -15,371
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