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LABOR MANAGEMENT FEDERAL CREDIT UNION

Mar, 31, 2021 — LABOR MANAGEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISPORT, KY with 1 branch location and about $35.04 million in total assets. Opened 47 years ago in 1974, LABOR MANAGEMENT FEDERAL CREDIT UNION has about 2,481 members and employs 9 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: 283985829
Name:LABOR MANAGEMENT FEDERAL CREDIT UNION
Address:
(Main Office)
8225 U S HIGHWAY 60 W, PO BOX 475
LEWISPORT, KY 42351-6967
Phone:(270) 295-3422
Fax:(270) 295-3366
Website:http://www.lmfcu.net
Branches:1 branch locations
Members:2,481
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$35,038,824
CEO/Manager:Sharon Roberts
Chairperson:Neil Estes

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,983,283
TOTAL INVESTMENTS 3,460,045
Loans Held for Sale 0
 
 Real Estate Loans 8,893,306
 Unsecured Loans 1,518,881
 Other Loans 10,907,571
 TOTAL LOANS 21,319,758
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,256
 Land And Building 1,770,542
 Other Fixed Assets 181,134
 NCUSIF Deposit 222,404
 All Other Assets 122,914
  TOTAL ASSETS 35,038,824
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 68,441
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,581,340
 Regular shares 11,493,502
 All Other Shares & Deposits 15,250,792
  TOTAL SHARES & DEPOSITS 31,325,634
  TOTAL LIABILITIES 31,394,075
 Regular Reserve 328,854
 Other Reserves 0
 Undivided Earnings 3,315,895
  TOTAL EQUITY 3,644,749
  TOTAL LIABILITIES, SHARES, & EQUITY 35,038,824
INCOME & EXPENSE  
 Loan Income 224,402
 Investment Income 16,737
 Other Income 20,123
 Total Employee Compensation & Benefits 97,089
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 132,316
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -15,389
 Cost of Funds 59,430
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,687
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