LEGACY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://legacyfcu.org for more information.
Dec, 31, 2023 — LEGACY FEDERAL CREDIT UNION is a federal credit union headquartered in Portland, OR with 1 branch location and about $53.47 million in total assets. Opened 53 years ago in 1971, LEGACY FEDERAL CREDIT UNION has about 3,125 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEGACY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2148 NW Overton St Portland, OR 97210-2925 |
| Phone: | (503) 413-7474 |
| Fax: | (503) 413-6840 |
| Website: | https://legacyfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,125 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20512 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $53,468,668 |
| CEO/Manager: | Douglas C Mountain |
| Chairperson: | Mark Lee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,755,913 |
| TOTAL INVESTMENTS | 11,984,218 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,049,365 |
| Unsecured Loans | 871,292 |
| Other Loans | 7,514,312 |
| TOTAL LOANS | 9,434,969 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -207,869 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 431,381 |
| All Other Assets | 70,056 |
| TOTAL ASSETS | 53,468,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 593,437 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,308,744 |
| Regular shares | 24,156,303 |
| All Other Shares & Deposits | 15,727,688 |
| TOTAL SHARES & DEPOSITS | 47,192,735 |
| TOTAL LIABILITIES | 47,786,172 |
| Regular Reserve | 760,921 |
| Other Reserves | 0 |
| Undivided Earnings | 4,921,575 |
| TOTAL EQUITY | 5,682,496 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,468,668 |
| INCOME & EXPENSE | |
| Loan Income | 439,728 |
| Investment Income | 79,515 |
| Other Income | 41,246 |
| Total Employee Compensation & Benefits | 816,274 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 832,965 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,500 |
| Cost of Funds | 44,721 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -871,606 |
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