Dec, 31, 2023 — LEATHERSTOCKING REGION FEDERAL CREDIT UNION is a federal credit union headquartered in COOPERSTOWN, NY with 1 branch location and about $74.34 million in total assets. Opened 47 years ago in 1977, LEATHERSTOCKING REGION FEDERAL CREDIT UNION has about 5,349 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LEATHERSTOCKING REGION FEDERAL CREDIT UNION |
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Address: (Main Office) | 24 Glen Ave COOPERSTOWN, NY 13326-1122 |
Phone: | (607) 547-5700 |
Fax: | (607) 547-1856 |
Website: | https://www.lsrfcu.org |
Branches: | 1 branch locations |
Members: | 5,349 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22625 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $74,339,719 |
CEO/Manager: | Anoel Kelly |
Chairperson: | Nathan S Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,553,773 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,025,693 |
Unsecured Loans | 10,192,295 |
Other Loans | 37,477,391 |
TOTAL LOANS | 53,695,379 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -611,633 |
Land And Building | 1,622,164 |
Other Fixed Assets | 307,225 |
NCUSIF Deposit | 663,086 |
All Other Assets | 0 |
TOTAL ASSETS | 74,339,719 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 110,798 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,888,301 |
Regular shares | 29,171,436 |
All Other Shares & Deposits | 19,812,532 |
TOTAL SHARES & DEPOSITS | 64,872,269 |
TOTAL LIABILITIES | 64,983,067 |
Regular Reserve | 0 |
Other Reserves | 577,249 |
Undivided Earnings | 8,779,403 |
TOTAL EQUITY | 9,356,652 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,339,719 |
INCOME & EXPENSE | |
Loan Income | 2,771,871 |
Investment Income | 644,807 |
Other Income | 375,484 |
Total Employee Compensation & Benefits | 1,351,551 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 886,914 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 229,809 |
Cost of Funds | 325,007 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,311,371 |
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