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LUFTHANSA EMP. FEDERAL CREDIT UNION

Dec, 31, 2021 — LUFTHANSA EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 1 branch location and about $104.68 million in total assets. Opened 52 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) 916-5350
Fax:(516) 916-5351
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:$104,678,953
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 8,018,435
TOTAL INVESTMENTS 91,074,442
Loans Held for Sale 0
 
 Real Estate Loans 3,807,852
 Unsecured Loans 223,373
 Other Loans 887,501
 TOTAL LOANS 4,918,726
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -330,405
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 859,891
 All Other Assets 137,864
  TOTAL ASSETS 104,678,953
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,207
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,744,320
 All Other Shares & Deposits 86,447,754
  TOTAL SHARES & DEPOSITS 89,192,074
  TOTAL LIABILITIES 89,233,281
 Regular Reserve 14,650,000
 Other Reserves -13,413
 Undivided Earnings 809,085
  TOTAL EQUITY 15,445,672
  TOTAL LIABILITIES, SHARES, & EQUITY 104,678,953
INCOME & EXPENSE  
 Loan Income 220,925
 Investment Income 1,327,757
 Other Income 18,643
 Total Employee Compensation & Benefits 262,715
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 177,600
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,245
 Cost of Funds 728,779
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 373,660
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