Jun, 30, 2023 — LABOR MANAGEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISPORT, KY with 1 branch location and about $32.93 million in total assets. Opened 49 years ago in 1974, LABOR MANAGEMENT FEDERAL CREDIT UNION has about 2,552 members and employs 8 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: | 2,552 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,934,651 |
| CEO/Manager: | Sharon Roberts |
| Chairperson: | Daryl Nottingham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,208,825 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,597,197 |
| Unsecured Loans | 1,763,361 |
| Other Loans | 11,081,047 |
| TOTAL LOANS | 21,441,605 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,755 |
| Land And Building | 1,776,230 |
| Other Fixed Assets | 57,753 |
| NCUSIF Deposit | 278,306 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,934,651 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,861 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,248,002 |
| Regular shares | 12,099,269 |
| All Other Shares & Deposits | 11,639,349 |
| TOTAL SHARES & DEPOSITS | 28,986,620 |
| TOTAL LIABILITIES | 29,028,481 |
| Regular Reserve | 0 |
| Other Reserves | 328,854 |
| Undivided Earnings | 3,577,316 |
| TOTAL EQUITY | 3,906,170 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,934,651 |
| INCOME & EXPENSE | |
| Loan Income | 718,054 |
| Investment Income | 64,375 |
| Other Income | 74,064 |
| Total Employee Compensation & Benefits | 330,235 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 454,064 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -34,661 |
| Cost of Funds | 79,514 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 114,923 |
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