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.
Jun, 30, 2024 — 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 54 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 |
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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 |
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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 |
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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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