Jun, 30, 2024 — LEATHERSTOCKING REGION FEDERAL CREDIT UNION is a federal credit union headquartered in COOPERSTOWN, NY with 1 branch location and about $74.90 million in total assets. Opened 47 years ago in 1977, LEATHERSTOCKING REGION FEDERAL CREDIT UNION has about 4,996 members and employs 14 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 |
|---|---|
| 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: | 4,996 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22625 |
|---|---|
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $74,899,112 |
| CEO/Manager: | Anoel Kelly |
| Chairperson: | Nathan S Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,225,056 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,912,601 |
| Unsecured Loans | 8,848,615 |
| Other Loans | 29,266,285 |
| TOTAL LOANS | 43,027,501 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -183,048 |
| Land And Building | 1,660,978 |
| Other Fixed Assets | 315,456 |
| NCUSIF Deposit | 615,512 |
| All Other Assets | 0 |
| TOTAL ASSETS | 74,899,112 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 87,559 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,534,374 |
| Regular shares | 35,659,040 |
| All Other Shares & Deposits | 15,618,373 |
| TOTAL SHARES & DEPOSITS | 66,811,787 |
| TOTAL LIABILITIES | 66,899,346 |
| Regular Reserve | 0 |
| Other Reserves | 456,768 |
| Undivided Earnings | 7,542,998 |
| TOTAL EQUITY | 7,999,766 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,899,112 |
| INCOME & EXPENSE | |
| Loan Income | 1,490,257 |
| Investment Income | 173,933 |
| Other Income | 241,132 |
| Total Employee Compensation & Benefits | 761,861 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 572,065 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 165,302 |
| Cost of Funds | 69,608 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 605,653 |
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