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LEE FEDERAL CREDIT UNION

Jun, 30, 2023 — LEE FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $7.06 million in total assets. Opened 62 years ago in 1962, LEE FEDERAL CREDIT UNION has about 323 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LEE FEDERAL CREDIT UNION
Address:
(Main Office)
611 H St NW
WASHINGTON, DC 20001-3788
Phone:(202) 289-7580
Fax:(202) 289-7580
Website:https://leefcu.com
Branches:1 branch locations
Members:323
Credit Union Type:Federal Credit Union
Charter Number:15174
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1962
Last Audited:Oct 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$7,057,780
CEO/Manager:Richard T Chiu
Chairperson:David Leong

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 212,401
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,783,362
 Unsecured Loans 0
 Other Loans 0
 TOTAL LOANS 1,783,362
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,984
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 52,418
 All Other Assets 0
  TOTAL ASSETS 7,057,780
LIABILITIES & CAPITAL:  
 Dividends Payable 5,176
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,269
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,456,596
 All Other Shares & Deposits 351,428
  TOTAL SHARES & DEPOSITS 4,808,024
  TOTAL LIABILITIES 4,816,469
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,241,311
  TOTAL EQUITY 2,241,311
  TOTAL LIABILITIES, SHARES, & EQUITY 7,057,780
INCOME & EXPENSE  
 Loan Income 51,022
 Investment Income 31,354
 Other Income 0
 Total Employee Compensation & Benefits 17,393
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 29,369
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 13,023
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,592
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