Jun, 30, 2024 — LA PORTE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, IN with 3 branch locations and about $65.74 million in total assets. Opened 88 years ago in 1937, LA PORTE COMMUNITY FEDERAL CREDIT UNION has about 8,128 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LA PORTE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1800 E Lincolnway LA PORTE, IN 46350 |
| Phone: | (219) 326-8050 |
| Fax: | (219) 326-1915 |
| Website: | https://www.laportecfcu.com |
| Branches: | 3 branch locations |
| Members: | 8,128 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2051 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,736,677 |
| CEO/Manager: | Harold R Masterson |
| Chairperson: | Alan Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,859,831 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,470,549 |
| Unsecured Loans | 3,059,213 |
| Other Loans | 23,423,779 |
| TOTAL LOANS | 39,953,541 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -330,289 |
| Land And Building | 3,377,615 |
| Other Fixed Assets | 184,189 |
| NCUSIF Deposit | 537,770 |
| All Other Assets | 76,922 |
| TOTAL ASSETS | 65,736,677 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 136,398 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,509,195 |
| Regular shares | 35,088,386 |
| All Other Shares & Deposits | 11,964,593 |
| TOTAL SHARES & DEPOSITS | 58,562,174 |
| TOTAL LIABILITIES | 58,698,572 |
| Regular Reserve | 0 |
| Other Reserves | 1,042,696 |
| Undivided Earnings | 5,995,409 |
| TOTAL EQUITY | 7,038,105 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,736,677 |
| INCOME & EXPENSE | |
| Loan Income | 1,521,436 |
| Investment Income | 114,294 |
| Other Income | 552,525 |
| Total Employee Compensation & Benefits | 986,331 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,143,847 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 135,000 |
| Cost of Funds | 91,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 326,995 |
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