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LANCO FEDERAL CREDIT UNION

Mar, 31, 2021 — LANCO FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, PA with 4 branch locations and about $122.72 million in total assets. Opened 56 years ago in 1965, LANCO FEDERAL CREDIT UNION has about 10,281 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LANCO FEDERAL CREDIT UNION
Address:
(Main Office)
349 W ROSEVILLE RD
LANCASTER, PA 17601
Phone:(717) 569-7180
Fax:(717) 569-2374
Website:http://www.lancofcu.com
Branches:4 branch locations
Members:10,281
Credit Union Type:Federal Credit Union
Charter Number:16657
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1965
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$122,723,024
CEO/Manager:Jeremy Jenkins
Chairperson:Philip Harnish

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,157,200
TOTAL INVESTMENTS 21,731,792
Loans Held for Sale 0
 
 Real Estate Loans 32,538,635
 Unsecured Loans 11,198,971
 Other Loans 16,111,645
 TOTAL LOANS 59,849,251
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -518,071
 Land And Building 1,486,884
 Other Fixed Assets 220,664
 NCUSIF Deposit 913,801
 All Other Assets 881,503
  TOTAL ASSETS 122,723,024
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 713,012
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 36,224,567
 Regular shares 57,456,290
 All Other Shares & Deposits 20,330,754
  TOTAL SHARES & DEPOSITS 114,011,611
  TOTAL LIABILITIES 114,724,623
 Regular Reserve 933,117
 Other Reserves 43,696
 Undivided Earnings 7,021,588
  TOTAL EQUITY 7,998,401
  TOTAL LIABILITIES, SHARES, & EQUITY 122,723,024
INCOME & EXPENSE  
 Loan Income 733,624
 Investment Income 81,520
 Other Income 248,818
 Total Employee Compensation & Benefits 546,562
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 506,265
 Non-operating Income & (Expense) -3,523
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,566
 Cost of Funds 27,121
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 109,437
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