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LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION

Mar, 31, 2021 — LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in New London, CT with 1 branch location and about $35.40 million in total assets. Opened 62 years ago in 1959, LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION has about 3,164 members and employs 6 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:3,164
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:$35,403,008
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 6,250,256
TOTAL INVESTMENTS 20,448,646
Loans Held for Sale 0
 
 Real Estate Loans 1,884,732
 Unsecured Loans 1,343,086
 Other Loans 5,227,177
 TOTAL LOANS 8,454,995
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,179
 Land And Building 0
 Other Fixed Assets 26,754
 NCUSIF Deposit 232,332
 All Other Assets 65,204
  TOTAL ASSETS 35,403,008
LIABILITIES & CAPITAL:  
 Dividends Payable 7,396
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 35,405
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,888,074
 Regular shares 20,118,423
 All Other Shares & Deposits 3,283,394
  TOTAL SHARES & DEPOSITS 29,289,891
  TOTAL LIABILITIES 29,332,692
 Regular Reserve 222,672
 Other Reserves 0
 Undivided Earnings 5,847,644
  TOTAL EQUITY 6,070,316
  TOTAL LIABILITIES, SHARES, & EQUITY 35,403,008
INCOME & EXPENSE  
 Loan Income 89,113
 Investment Income 65,404
 Other Income 24,167
 Total Employee Compensation & Benefits 127,871
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 94,559
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,063
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,248
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