Dec, 31, 2023 — LAKEVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in ASHTABULA, OH with 3 branch locations and about $146.89 million in total assets. Opened 63 years ago in 1961, LAKEVIEW FEDERAL CREDIT UNION has about 9,212 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.
Name: | LAKEVIEW FEDERAL CREDIT UNION |
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Address: (Main Office) | 2909 State Rd ASHTABULA, OH 44004 |
Phone: | (440) 998-2707 |
Fax: | (440) 992-7009 |
Website: | https://lakeviewfcu.com |
Branches: | 3 branch locations |
Members: | 9,212 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14584 |
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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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $146,888,766 |
CEO/Manager: | Jamie M Ortiz |
Chairperson: | Arthur C Risley |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,110,854 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 47,330,436 |
Unsecured Loans | 1,517,351 |
Other Loans | 12,655,101 |
TOTAL LOANS | 61,715,209 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -478,489 |
Land And Building | 1,252,773 |
Other Fixed Assets | 128,979 |
NCUSIF Deposit | 1,262,102 |
All Other Assets | 0 |
TOTAL ASSETS | 146,888,766 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 571,187 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,523,366 |
Regular shares | 34,542,730 |
All Other Shares & Deposits | 75,281,505 |
TOTAL SHARES & DEPOSITS | 131,347,601 |
TOTAL LIABILITIES | 131,918,788 |
Regular Reserve | 0 |
Other Reserves | -892,087 |
Undivided Earnings | 15,862,065 |
TOTAL EQUITY | 14,969,978 |
TOTAL LIABILITIES, SHARES, & EQUITY | 146,888,766 |
INCOME & EXPENSE | |
Loan Income | 3,316,715 |
Investment Income | 1,366,318 |
Other Income | 419,994 |
Total Employee Compensation & Benefits | 1,532,749 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,078,270 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 84,636 |
Cost of Funds | 1,447,398 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 512,050 |
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