Sep, 30, 2025 — LYNCHBURG MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 2 branch locations and about $30.31 million in total assets. Opened 65 years ago in 1961, LYNCHBURG MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 2,920 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LYNCHBURG MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3176 Fort Ave LYNCHBURG, VA 24501 |
| Phone: | (434) 845-1013 |
| Fax: | (434) 845-3209 |
| Website: | https://wwwlmefcu.org |
| Branches: | 2 branch locations |
| Members: | 2,920 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14623 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,314,430 |
| CEO/Manager: | Steven M Perrow |
| Chairperson: | Melva C Walker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,006,638 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,555,333 |
| Unsecured Loans | 2,157,416 |
| Other Loans | 5,547,332 |
| TOTAL LOANS | 11,260,081 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -146,775 |
| Land And Building | 0 |
| Other Fixed Assets | 161,678 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 251,523 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,314,430 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,230 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 98,077 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,882,010 |
| Regular shares | 18,986,465 |
| All Other Shares & Deposits | 2,703,440 |
| TOTAL SHARES & DEPOSITS | 26,571,915 |
| TOTAL LIABILITIES | 26,688,222 |
| Regular Reserve | 0 |
| Other Reserves | 457,183 |
| Undivided Earnings | 3,169,025 |
| TOTAL EQUITY | 3,626,208 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,314,430 |
| INCOME & EXPENSE | |
| Loan Income | 599,486 |
| Investment Income | 372,983 |
| Other Income | 50,818 |
| Total Employee Compensation & Benefits | 380,341 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 458,408 |
| Non-operating Income & (Expense) | 87,700 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,507 |
| Cost of Funds | 48,501 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 262,130 |
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