Jun, 30, 2024 — LAN-FAIR FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, OH with 2 branch locations and about $69.52 million in total assets. Opened 58 years ago in 1966, LAN-FAIR FEDERAL CREDIT UNION has about 4,472 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAN-FAIR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 926 Prestige Blvd LANCASTER, OH 43130-9669 |
| Phone: | (740) 654-2886 |
| Fax: | (740) 654-5011 |
| Website: | https://www.lanfairfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,472 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17327 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $69,520,670 |
| CEO/Manager: | LAURIE L THOMAS |
| Chairperson: | DARYL BRICKEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,743,765 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,208,955 |
| Unsecured Loans | 794,806 |
| Other Loans | 1,935,432 |
| TOTAL LOANS | 16,939,193 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -270,024 |
| Land And Building | 308,939 |
| Other Fixed Assets | 28,375 |
| NCUSIF Deposit | 585,681 |
| All Other Assets | 0 |
| TOTAL ASSETS | 69,520,670 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 150,004 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,235,828 |
| Regular shares | 45,888,383 |
| All Other Shares & Deposits | 10,571,640 |
| TOTAL SHARES & DEPOSITS | 62,695,851 |
| TOTAL LIABILITIES | 62,845,855 |
| Regular Reserve | 0 |
| Other Reserves | 1,535,735 |
| Undivided Earnings | 5,139,080 |
| TOTAL EQUITY | 6,674,815 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 69,520,670 |
| INCOME & EXPENSE | |
| Loan Income | 493,715 |
| Investment Income | 495,331 |
| Other Income | 88,463 |
| Total Employee Compensation & Benefits | 518,291 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 459,317 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,000 |
| Cost of Funds | 101,438 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 236,618 |
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