Dec, 31, 2023 — LATVIAN FEDERAL CREDIT UNION is a federal credit union headquartered in MELVILLE, NY with 1 branch location and about $2.30 million in total assets. Opened 57 years ago in 1967, LATVIAN FEDERAL CREDIT UNION has about 114 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: | 114 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,302,822 |
| CEO/Manager: | brigita klauss |
| Chairperson: | andra gribulis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 281,779 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 220,992 |
| Unsecured Loans | 208,585 |
| Other Loans | 0 |
| TOTAL LOANS | 429,577 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,593 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 23,526 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,302,822 |
| 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 | 1,800,196 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,800,196 |
| TOTAL LIABILITIES | 1,800,196 |
| Regular Reserve | 0 |
| Other Reserves | 90,000 |
| Undivided Earnings | 412,626 |
| TOTAL EQUITY | 502,626 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,302,822 |
| INCOME & EXPENSE | |
| Loan Income | 18,532 |
| Investment Income | 5,599 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 26,329 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,173 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,593 |
| Cost of Funds | 59,140 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -81,104 |
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