Sep, 30, 2025 — LAKE CHEM COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in BENTON, KY with 3 branch locations and about $95.35 million in total assets. Opened 55 years ago in 1971, LAKE CHEM COMMUNITY FEDERAL CREDIT UNION has about 12,114 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAKE CHEM COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 35 US Highway 68 E BENTON, KY 42025 |
| Phone: | (270) 527-4389 |
| Fax: | (270) 527-4141 |
| Website: | https://www.lakechemfcu.org |
| Branches: | 3 branch locations |
| Members: | 12,114 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20641 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $95,347,313 |
| CEO/Manager: | Connie Evans |
| Chairperson: | Mark Shoulta |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,025,098 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,272,324 |
| Unsecured Loans | 1,927,168 |
| Other Loans | 40,670,586 |
| TOTAL LOANS | 71,870,078 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -329,377 |
| Land And Building | 3,237,859 |
| Other Fixed Assets | 186,755 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 867,926 |
| All Other Assets | 0 |
| TOTAL ASSETS | 95,347,313 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,609 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 332,140 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,615,020 |
| Regular shares | 36,948,210 |
| All Other Shares & Deposits | 33,272,460 |
| TOTAL SHARES & DEPOSITS | 85,835,690 |
| TOTAL LIABILITIES | 86,192,439 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,154,874 |
| TOTAL EQUITY | 9,154,874 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 95,347,313 |
| INCOME & EXPENSE | |
| Loan Income | 3,465,425 |
| Investment Income | 427,983 |
| Other Income | 348,996 |
| Total Employee Compensation & Benefits | 1,090,365 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,652,224 |
| Non-operating Income & (Expense) | -8,074 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 115,351 |
| Cost of Funds | 1,395,960 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 374,918 |
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