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LUFTHANSA EMP. FEDERAL CREDIT UNION

Mar, 31, 2022 — LUFTHANSA EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 1 branch location and about $107.84 million in total assets. Opened 52 years ago in 1970, LUFTHANSA EMP. FEDERAL CREDIT UNION has about 850 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) 916-5350
Fax:(516) 916-5351
Website:http://www.lhcu.com
Branches:1 branch locations
Members:850
Credit Union Type:Federal Credit Union
Charter Number:20341
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1970
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$107,838,728
CEO/Manager:Joseph Herzig
Chairperson:FRANZ ORTNER

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,409,698
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,765,482
 Unsecured Loans 407,508
 Other Loans 586,806
 TOTAL LOANS 4,759,796
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -275,959
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 859,891
 All Other Assets 0
  TOTAL ASSETS 107,838,728
LIABILITIES & CAPITAL:  
 Dividends Payable 1
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 40,923
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,743,051
 All Other Shares & Deposits 89,570,013
  TOTAL SHARES & DEPOSITS 92,313,064
  TOTAL LIABILITIES 92,353,988
 Regular Reserve 0
 Other Reserves 14,598,587
 Undivided Earnings 886,153
  TOTAL EQUITY 15,484,740
  TOTAL LIABILITIES, SHARES, & EQUITY 107,838,728
INCOME & EXPENSE  
 Loan Income 46,258
 Investment Income 346,643
 Other Income 4,662
 Total Employee Compensation & Benefits 70,702
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 62,905
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,507
 Cost of Funds 174,332
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 77,068
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