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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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