Jun, 30, 2024 — LAMPCO FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, IN with 1 branch location and about $68.34 million in total assets. Opened 63 years ago in 1962, LAMPCO FEDERAL CREDIT UNION has about 7,051 members and employs 21 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 |
|---|---|
| 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: | 7,051 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15248 |
|---|---|
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,340,558 |
| CEO/Manager: | Migual Patterson |
| Chairperson: | Lindsey Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,151,051 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,233,932 |
| Unsecured Loans | 1,208,424 |
| Other Loans | 29,517,816 |
| TOTAL LOANS | 41,960,172 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,983 |
| Land And Building | 2,355,329 |
| Other Fixed Assets | 307,461 |
| NCUSIF Deposit | 649,003 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,340,558 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 51 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 279,281 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,975,320 |
| Regular shares | 43,590,356 |
| All Other Shares & Deposits | 6,579,117 |
| TOTAL SHARES & DEPOSITS | 64,144,793 |
| TOTAL LIABILITIES | 64,424,125 |
| Regular Reserve | 0 |
| Other Reserves | -1,090,569 |
| Undivided Earnings | 5,007,002 |
| TOTAL EQUITY | 3,916,433 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,340,558 |
| INCOME & EXPENSE | |
| Loan Income | 1,441,602 |
| Investment Income | 89,665 |
| Other Income | 367,903 |
| Total Employee Compensation & Benefits | 625,643 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,282,811 |
| Non-operating Income & (Expense) | 108,266 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,158 |
| Cost of Funds | 27,094 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 473,660 |
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