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LUFTHANSA EMP. FEDERAL CREDIT UNION

Jun, 30, 2021 — LUFTHANSA EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 1 branch location and about $101.34 million in total assets. Opened 51 years ago in 1970, LUFTHANSA EMP. FEDERAL CREDIT UNION has about 1,900 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:1,900
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:$101,339,373
CEO/Manager:FRANZ ORTNER
Chairperson:FRANZ ORTNER

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,840,428
TOTAL INVESTMENTS 83,488,178
Loans Held for Sale 0
 
 Real Estate Loans 4,369,740
 Unsecured Loans 420,787
 Other Loans 496,188
 TOTAL LOANS 5,286,715
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -220,514
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 708,977
 All Other Assets 235,589
  TOTAL ASSETS 101,339,373
LIABILITIES & CAPITAL:  
 Dividends Payable 93,050
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,525
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,717,268
 All Other Shares & Deposits 83,271,808
  TOTAL SHARES & DEPOSITS 85,989,076
  TOTAL LIABILITIES 86,085,651
 Regular Reserve 14,650,000
 Other Reserves -14,953
 Undivided Earnings 618,675
  TOTAL EQUITY 15,253,722
  TOTAL LIABILITIES, SHARES, & EQUITY 101,339,373
INCOME & EXPENSE  
 Loan Income 114,525
 Investment Income 632,822
 Other Income 8,259
 Total Employee Compensation & Benefits 129,396
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 94,010
 Non-operating Income & (Expense) 35,855
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 365,484
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 228,140
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