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LONG REACH FEDERAL CREDIT UNION

Mar, 31, 2021 — LONG REACH FEDERAL CREDIT UNION is a federal credit union headquartered in Middlebourne, WV with 4 branch locations and about $106.05 million in total assets. Opened 46 years ago in 1975, LONG REACH FEDERAL CREDIT UNION has about 7,982 members and employs 22 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: 243486067
Name:LONG REACH FEDERAL CREDIT UNION
Address:
(Main Office)
315 Main St
Middlebourne, WV 26149-9602
Phone:(304) 758-4308
Fax:(304) 758-4236
Website:http://www.lrefcu.org
Branches:4 branch locations
Members:7,982
Credit Union Type:Federal Credit Union
Charter Number:22241
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1975
Last Audited:Apr 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$106,053,246
CEO/Manager:Steven R Reed
Chairperson:Gregory K Arnott

Call Report

  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate 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 14,990,996
TOTAL INVESTMENTS 16,029,688
Loans Held for Sale 0
 
 Real Estate Loans 18,663,236
 Unsecured Loans 7,135,957
 Other Loans 46,427,801
 TOTAL LOANS 72,226,994
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -671,066
 Land And Building 2,337,780
 Other Fixed Assets 47,955
 NCUSIF Deposit 766,246
 All Other Assets 324,653
  TOTAL ASSETS 106,053,246
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 174,033
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 15,520,793
 Regular shares 45,136,788
 All Other Shares & Deposits 36,044,219
  TOTAL SHARES & DEPOSITS 96,701,800
  TOTAL LIABILITIES 96,875,833
 Regular Reserve 822,032
 Other Reserves 0
 Undivided Earnings 8,355,381
  TOTAL EQUITY 9,177,413
  TOTAL LIABILITIES, SHARES, & EQUITY 106,053,246
INCOME & EXPENSE  
 Loan Income 941,362
 Investment Income 58,298
 Other Income 83,389
 Total Employee Compensation & Benefits 323,883
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 342,580
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 81,000
 Cost of Funds 111,606
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 363,599
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