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LUFTHANSA EMP. FEDERAL CREDIT UNION

Dec, 31, 2020 — LUFTHANSA EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 1 branch location and about $99.98 million in total assets. Opened 51 years ago in 1970, LUFTHANSA EMP. FEDERAL CREDIT UNION has about 1,951 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LUFTHANSA EMP. FEDERAL CREDIT UNION
Address:
(Main Office)
1900 HEMPSTEAD TPKE STE 408
EAST MEADOW, NY 11554
Phone:(516) 296-9478
Fax:(516) 296-9415
Website:http://www.lhcu.com
Branches:1 branch locations
Members:1,951
Credit Union Type:Federal Credit Union
Charter Number:20341
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1970
Last Audited:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$99,982,952
CEO/Manager:FRANZ ORTNER
Chairperson:FRANZ ORTNER

Call Report

  • Real Estate Loans
  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 32,027,461
TOTAL INVESTMENTS 61,329,521
Loans Held for Sale 0
 
 Real Estate Loans 4,705,632
 Unsecured Loans 617,810
 Other Loans 639,760
 TOTAL LOANS 5,963,202
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -202,631
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 701,561
 All Other Assets 163,838
  TOTAL ASSETS 99,982,952
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 198,228
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,463,887
 All Other Shares & Deposits 82,218,825
  TOTAL SHARES & DEPOSITS 84,682,712
  TOTAL LIABILITIES 84,880,940
 Regular Reserve 14,450,000
 Other Reserves 16,587
 Undivided Earnings 635,425
  TOTAL EQUITY 15,102,012
  TOTAL LIABILITIES, SHARES, & EQUITY 99,982,952
INCOME & EXPENSE  
 Loan Income 257,985
 Investment Income 1,588,366
 Other Income 43,098
 Total Employee Compensation & Benefits 260,672
 NCUSIF Premiums Expense 26,627
 Total Other Operating Expenses 129,334
 Non-operating Income & (Expense) 231,135
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 114,510
 Cost of Funds 1,144,014
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 445,427
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