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LAKEVIEW FEDERAL CREDIT UNION

Dec, 31, 2020 — LAKEVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in Ashtabula, OH with 3 branch locations and about $124.88 million in total assets. Opened 60 years ago in 1961, LAKEVIEW FEDERAL CREDIT UNION has about 9,069 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:9,069
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:$124,878,790
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 9,290,946
TOTAL INVESTMENTS 55,458,240
Loans Held for Sale 0
 
 Real Estate Loans 43,248,183
 Unsecured Loans 1,436,871
 Other Loans 10,879,496
 TOTAL LOANS 55,583,846
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -124,447
 Land And Building 1,300,026
 Other Fixed Assets 157,305
 NCUSIF Deposit 1,020,008
 All Other Assets 2,192,866
  TOTAL ASSETS 124,878,790
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 424,359
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,408,989
 Regular shares 24,390,965
 All Other Shares & Deposits 68,505,768
  TOTAL SHARES & DEPOSITS 111,305,722
  TOTAL LIABILITIES 111,730,081
 Regular Reserve 2,349,415
 Other Reserves -1,492,481
 Undivided Earnings 12,291,775
  TOTAL EQUITY 13,148,709
  TOTAL LIABILITIES, SHARES, & EQUITY 124,878,790
INCOME & EXPENSE  
 Loan Income 2,505,959
 Investment Income 861,544
 Other Income 828,763
 Total Employee Compensation & Benefits 1,421,522
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,614,047
 Non-operating Income & (Expense) -23,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,242
 Cost of Funds 485,180
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 626,775
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