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LATVIAN FEDERAL CREDIT UNION

Jun, 30, 2021 — LATVIAN FEDERAL CREDIT UNION is a federal credit union headquartered in MELVILLE, NY with 1 branch location and about $3.08 million in total assets. Opened 54 years ago in 1967, LATVIAN FEDERAL CREDIT UNION has about 135 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:135
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:$3,083,633
CEO/Manager:brigita klauss
Chairperson:andra gribulis

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 51,367
TOTAL INVESTMENTS 2,605,234
Loans Held for Sale 0
 
 Real Estate Loans 289,092
 Unsecured Loans 0
 Other Loans 112,406
 TOTAL LOANS 401,498
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 0
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 24,538
 All Other Assets 996
  TOTAL ASSETS 3,083,633
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 2,459,262
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,459,262
  TOTAL LIABILITIES 2,459,262
 Regular Reserve 90,000
 Other Reserves 0
 Undivided Earnings 534,371
  TOTAL EQUITY 624,371
  TOTAL LIABILITIES, SHARES, & EQUITY 3,083,633
INCOME & EXPENSE  
 Loan Income 6,868
 Investment Income 25,324
 Other Income 0
 Total Employee Compensation & Benefits 13,043
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,901
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,078
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,170
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