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LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION

Dec, 31, 2020 — LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in New London, CT with 1 branch location and about $33.30 million in total assets. Opened 62 years ago in 1959, LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION has about 3,163 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION
Address:
(Main Office)
365 Montauk Ave
New London, CT 06320
Phone:(860) 444-5104
Fax:(860) 444-3784
Website:http://www.lmhospcu.com
Branches:1 branch locations
Members:3,163
Credit Union Type:Federal Credit Union
Charter Number:13305
Membership Type:Service - Health Care
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$33,295,051
CEO/Manager:Svetlana Atamanuk
Chairperson:Sara L Gaenzle

Call Report

  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,110,261
TOTAL INVESTMENTS 20,831,646
Loans Held for Sale 0
 
 Real Estate Loans 1,765,977
 Unsecured Loans 1,482,935
 Other Loans 4,898,143
 TOTAL LOANS 8,147,055
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -78,740
 Land And Building 0
 Other Fixed Assets 29,566
 NCUSIF Deposit 232,332
 All Other Assets 22,931
  TOTAL ASSETS 33,295,051
LIABILITIES & CAPITAL:  
 Dividends Payable 7,896
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 32,684
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,525,360
 Regular shares 18,346,163
 All Other Shares & Deposits 3,311,384
  TOTAL SHARES & DEPOSITS 27,182,907
  TOTAL LIABILITIES 27,223,487
 Regular Reserve 222,672
 Other Reserves 0
 Undivided Earnings 5,848,892
  TOTAL EQUITY 6,071,564
  TOTAL LIABILITIES, SHARES, & EQUITY 33,295,051
INCOME & EXPENSE  
 Loan Income 391,225
 Investment Income 390,888
 Other Income 300,856
 Total Employee Compensation & Benefits 514,688
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 415,276
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,464
 Cost of Funds 33,850
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 102,691
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