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LEGACY FEDERAL CREDIT UNION

Jun, 30, 2021 — LEGACY FEDERAL CREDIT UNION is a federal credit union headquartered in Portland, OR with 1 branch location and about $52.63 million in total assets. Opened 50 years ago in 1971, LEGACY FEDERAL CREDIT UNION has about 3,235 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.


ABA Routing Number: 323075275
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:http://legacyfcu.org
Branches:1 branch locations
Members:3,235
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:$52,627,211
CEO/Manager:Douglas C Mountain
Chairperson:Mark Lee

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,370,041
TOTAL INVESTMENTS 25,129,218
Loans Held for Sale 0
 
 Real Estate Loans 1,261,108
 Unsecured Loans 866,400
 Other Loans 8,623,926
 TOTAL LOANS 10,751,434
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -198,207
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 432,033
 All Other Assets 142,692
  TOTAL ASSETS 52,627,211
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 108,677
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,169,871
 Regular shares 22,470,783
 All Other Shares & Deposits 16,363,993
  TOTAL SHARES & DEPOSITS 46,004,647
  TOTAL LIABILITIES 46,113,324
 Regular Reserve 760,921
 Other Reserves 0
 Undivided Earnings 5,752,966
  TOTAL EQUITY 6,513,887
  TOTAL LIABILITIES, SHARES, & EQUITY 52,627,211
INCOME & EXPENSE  
 Loan Income 230,303
 Investment Income 46,938
 Other Income 20,393
 Total Employee Compensation & Benefits 198,914
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 215,926
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,000
 Cost of Funds 27,908
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -40,213
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