Sep, 30, 2025 — L C E FEDERAL CREDIT UNION is a federal credit union headquartered in PAINESVILLE, OH with 2 branch locations and about $66.47 million in total assets. Opened 66 years ago in 1960, L C E FEDERAL CREDIT UNION has about 5,713 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L C E FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 77 N Saint Clair St PAINESVILLE, OH 44077 |
| Phone: | (440) 357-2560 |
| Fax: | (440) 357-2779 |
| Website: | https://www.lcefcu.org |
| Branches: | 2 branch locations |
| Members: | 5,713 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13885 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,474,814 |
| CEO/Manager: | Anita L Walters |
| Chairperson: | Craig Ghidotti |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,105,614 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,579,072 |
| Unsecured Loans | 4,380,134 |
| Other Loans | 17,881,488 |
| TOTAL LOANS | 33,840,694 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -285,772 |
| Land And Building | 160,160 |
| Other Fixed Assets | 168,104 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 545,980 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,474,814 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 194,388 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,892,121 |
| Regular shares | 27,857,405 |
| All Other Shares & Deposits | 21,694,495 |
| TOTAL SHARES & DEPOSITS | 60,444,021 |
| TOTAL LIABILITIES | 60,638,409 |
| Regular Reserve | 0 |
| Other Reserves | -487,725 |
| Undivided Earnings | 6,324,130 |
| TOTAL EQUITY | 5,836,405 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,474,814 |
| INCOME & EXPENSE | |
| Loan Income | 1,629,999 |
| Investment Income | 911,229 |
| Other Income | 333,676 |
| Total Employee Compensation & Benefits | 772,270 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 855,471 |
| Non-operating Income & (Expense) | -1,015 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,591 |
| Cost of Funds | 562,745 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 728,199 |
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