Dec, 31, 2023 — LAMPCO FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, IN with 1 branch location and about $64.58 million in total assets. Opened 62 years ago in 1962, LAMPCO FEDERAL CREDIT UNION has about 7,700 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LAMPCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 5411 Dr Martin Luther King Jr Blvd ANDERSON, IN 46013 |
Phone: | (765) 649-9226 |
Fax: | (765) 649-1626 |
Website: | https://www.lampco.com |
Branches: | 1 branch locations |
Members: | 7,700 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15248 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $64,575,944 |
CEO/Manager: | Migual Patterson |
Chairperson: | Lindsey Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,369,569 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,424,387 |
Unsecured Loans | 1,203,612 |
Other Loans | 34,506,951 |
TOTAL LOANS | 46,134,949 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -310,216 |
Land And Building | 2,253,421 |
Other Fixed Assets | 353,599 |
NCUSIF Deposit | 622,547 |
All Other Assets | 0 |
TOTAL ASSETS | 64,575,944 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 348,608 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,646,940 |
Regular shares | 40,821,079 |
All Other Shares & Deposits | 5,555,460 |
TOTAL SHARES & DEPOSITS | 60,023,479 |
TOTAL LIABILITIES | 60,372,087 |
Regular Reserve | 0 |
Other Reserves | -1,646,138 |
Undivided Earnings | 5,849,995 |
TOTAL EQUITY | 4,203,857 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,575,944 |
INCOME & EXPENSE | |
Loan Income | 2,304,695 |
Investment Income | 275,716 |
Other Income | 492,694 |
Total Employee Compensation & Benefits | 1,024,572 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,584,413 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 173,342 |
Cost of Funds | 54,298 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 741,521 |
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» See also Statement of Financial Condition