Sep, 30, 2025 — LABOR MANAGEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISPORT, KY with 1 branch location and about $28.03 million in total assets. Opened 52 years ago in 1974, LABOR MANAGEMENT FEDERAL CREDIT UNION has about 2,833 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LABOR MANAGEMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8225 US HIGHWAY 60 W LEWISPORT, KY 42351-7082 |
| Phone: | (270) 295-3422 |
| Fax: | (270) 295-3366 |
| Website: | https://www.lmfcu.net |
| Branches: | 1 branch locations |
| Members: | 2,833 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21853 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,032,811 |
| CEO/Manager: | Ashley Walls |
| Chairperson: | Joanne Mason |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,494,882 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,730,666 |
| Unsecured Loans | 1,981,933 |
| Other Loans | 10,114,752 |
| TOTAL LOANS | 19,827,352 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,076 |
| Land And Building | 1,515,973 |
| Other Fixed Assets | 132,727 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 264,962 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,032,811 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,149 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,869,197 |
| Regular shares | 9,877,048 |
| All Other Shares & Deposits | 9,242,267 |
| TOTAL SHARES & DEPOSITS | 23,988,510 |
| TOTAL LIABILITIES | 24,013,659 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,019,152 |
| TOTAL EQUITY | 4,019,152 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,032,811 |
| INCOME & EXPENSE | |
| Loan Income | 937,909 |
| Investment Income | 195,501 |
| Other Income | 87,940 |
| Total Employee Compensation & Benefits | 327,377 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 550,553 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 103,822 |
| Cost of Funds | 300,113 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 43,711 |
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