LAKE SHORE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.lakeshore-fcu.com for more information.
Sep, 30, 2025 — LAKE SHORE FEDERAL CREDIT UNION is a federal credit union headquartered in ANGOLA, NY with 1 branch location and about $22.84 million in total assets. Opened 59 years ago in 1967, LAKE SHORE FEDERAL CREDIT UNION has about 3,023 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAKE SHORE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 227 ANGOLA, NY 14006 |
| Phone: | (716) 549-4150 |
| Fax: | (716) 549-2785 |
| Website: | https://www.lakeshore-fcu.com |
| Branches: | 1 branch locations |
| Members: | 3,023 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17878 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,838,057 |
| CEO/Manager: | Susan George |
| Chairperson: | Michael Frew |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,467,521 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,524,532 |
| Unsecured Loans | 1,172,777 |
| Other Loans | 5,340,466 |
| TOTAL LOANS | 8,699,954 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -257,545 |
| Land And Building | 632,425 |
| Other Fixed Assets | 38,935 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 194,308 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,838,057 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 140,424 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,885,123 |
| Regular shares | 14,211,236 |
| All Other Shares & Deposits | 173,337 |
| TOTAL SHARES & DEPOSITS | 20,269,696 |
| TOTAL LIABILITIES | 19,168,660 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,427,937 |
| TOTAL EQUITY | 2,427,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,368,464 |
| INCOME & EXPENSE | |
| Loan Income | 223,908 |
| Investment Income | 197,827 |
| Other Income | 75,710 |
| Total Employee Compensation & Benefits | 192,641 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 292,397 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -22,500 |
| Cost of Funds | 6,574 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 270,456 |
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