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LOS ANGELES LEE FEDERAL CREDIT UNION

Dec, 31, 2021 — LOS ANGELES LEE FEDERAL CREDIT UNION is a federal credit union headquartered in LOS ANGELES, CA with 2 branch locations and about $517,642 in total assets. Opened 58 years ago in 1964, LOS ANGELES LEE FEDERAL CREDIT UNION has about 67 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LOS ANGELES LEE FEDERAL CREDIT UNION
Address:
(Main Office)
964 N Hill St
LOS ANGELES, CA 90012
Phone:(213) 626-0974
Fax:
Website:n/a
Branches:2 branch locations
Members:67
Credit Union Type:Federal Credit Union
Charter Number:16570
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$517,642
CEO/Manager:Urla Gomes
Chairperson:Ron Lee

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 279,722
TOTAL INVESTMENTS 85,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 151,052
 TOTAL LOANS 151,052
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,579
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 3,807
 All Other Assets 2,640
  TOTAL ASSETS 517,642
LIABILITIES & CAPITAL:  
 Dividends Payable 499
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,250
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 380,261
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 380,261
  TOTAL LIABILITIES 383,010
 Regular Reserve 62,409
 Other Reserves 0
 Undivided Earnings 72,223
  TOTAL EQUITY 134,632
  TOTAL LIABILITIES, SHARES, & EQUITY 517,642
INCOME & EXPENSE  
 Loan Income 4,374
 Investment Income 1,085
 Other Income 99
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,662
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 950
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -422
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