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LATVIAN FEDERAL CREDIT UNION

Mar, 31, 2021 — LATVIAN FEDERAL CREDIT UNION is a federal credit union headquartered in MELVILLE, NY with 1 branch location and about $3.10 million in total assets. Opened 54 years ago in 1967, LATVIAN FEDERAL CREDIT UNION has about 140 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LATVIAN FEDERAL CREDIT UNION
Address:
(Main Office)
4 RIGA LN
MELVILLE, NY 11747-3406
Phone:(631) 481-1491
Fax:
Website:n/a
Branches:1 branch locations
Members:140
Credit Union Type:Federal Credit Union
Charter Number:18422
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,104,826
CEO/Manager:brigita klauss
Chairperson:andra gribulis

Call Report

  • Real Estate Loans
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,848
TOTAL INVESTMENTS 2,605,412
Loans Held for Sale 0
 
 Real Estate Loans 298,955
 Unsecured Loans 0
 Other Loans 121,552
 TOTAL LOANS 420,507
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 0
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 28,059
 All Other Assets 0
  TOTAL ASSETS 3,104,826
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,486,315
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,486,315
  TOTAL LIABILITIES 2,486,315
 Regular Reserve 90,000
 Other Reserves 0
 Undivided Earnings 528,511
  TOTAL EQUITY 618,511
  TOTAL LIABILITIES, SHARES, & EQUITY 3,104,826
INCOME & EXPENSE  
 Loan Income 3,496
 Investment Income 9,763
 Other Income 0
 Total Employee Compensation & Benefits 6,456
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,955
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,538
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,310
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