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LAKEVIEW FEDERAL CREDIT UNION

Mar, 31, 2021 — LAKEVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in Ashtabula, OH with 3 branch locations and about $134.68 million in total assets. Opened 60 years ago in 1961, LAKEVIEW FEDERAL CREDIT UNION has about 9,161 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 241273780
Name:LAKEVIEW FEDERAL CREDIT UNION
Address:
(Main Office)
P O Box 2609
Ashtabula, OH 44005-2609
Phone:(440) 998-2707
Fax:(440) 992-7009
Website:http://lakeviewfcu.com
Branches:3 branch locations
Members:9,161
Credit Union Type:Federal Credit Union
Charter Number:14584
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1961
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$134,675,995
CEO/Manager:Sherry S Cornell
Chairperson:Arthur C Risley

Call Report

  • Commercial Loans
  • Micro Business Loans
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,578,649
TOTAL INVESTMENTS 63,477,102
Loans Held for Sale 0
 
 Real Estate Loans 44,022,896
 Unsecured Loans 1,243,743
 Other Loans 10,783,938
 TOTAL LOANS 56,069,120
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -110,718
 Land And Building 1,284,036
 Other Fixed Assets 149,649
 NCUSIF Deposit 1,020,008
 All Other Assets 2,208,149
  TOTAL ASSETS 134,675,995
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 566,081
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,481,977
 Regular shares 33,265,206
 All Other Shares & Deposits 67,071,216
  TOTAL SHARES & DEPOSITS 120,818,399
  TOTAL LIABILITIES 121,384,480
 Regular Reserve 2,349,415
 Other Reserves -1,466,446
 Undivided Earnings 12,408,546
  TOTAL EQUITY 13,291,515
  TOTAL LIABILITIES, SHARES, & EQUITY 134,675,995
INCOME & EXPENSE  
 Loan Income 616,934
 Investment Income 124,133
 Other Income 79,665
 Total Employee Compensation & Benefits 389,035
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 365,735
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,017
 Cost of Funds 91,916
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 116,771
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