Jun, 30, 2024 — 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 |
| 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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