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LEE FEDERAL CREDIT UNION

Jun, 30, 2021 — LEE FEDERAL CREDIT UNION is a federal credit union headquartered in Washington, DC with 1 branch location and about $7.60 million in total assets. Opened 59 years ago in 1962, LEE FEDERAL CREDIT UNION has about 359 members and employs 3 full and part-time employees 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)
Post Office Box 1741
Washington, DC 20013
Phone:(202) 289-7580
Fax:(202) 289-7580
Website:http://leefcu.com
Branches:1 branch locations
Members:359
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,597,181
CEO/Manager:Richard T Chiu
Chairperson:David Leong

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,013,364
TOTAL INVESTMENTS 4,601,462
Loans Held for Sale 0
 
 Real Estate Loans 1,913,291
 Unsecured Loans 0
 Other Loans 0
 TOTAL LOANS 1,913,291
 (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 59,480
 All Other Assets 14,568
  TOTAL ASSETS 7,597,181
LIABILITIES & CAPITAL:  
 Dividends Payable 4,239
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,325
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,955,899
 All Other Shares & Deposits 390,960
  TOTAL SHARES & DEPOSITS 5,346,859
  TOTAL LIABILITIES 5,368,423
 Regular Reserve 222,542
 Other Reserves 0
 Undivided Earnings 2,006,216
  TOTAL EQUITY 2,228,758
  TOTAL LIABILITIES, SHARES, & EQUITY 7,597,181
INCOME & EXPENSE  
 Loan Income 41,246
 Investment Income 7,431
 Other Income 0
 Total Employee Compensation & Benefits 12,635
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,780
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 9,091
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,962
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