Mar, 31, 2022 — LOGAN CACHE RICH FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $32.83 million in total assets. Opened 59 years ago in 1963, LOGAN CACHE RICH FEDERAL CREDIT UNION has about 2,435 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOGAN CACHE RICH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 72 E 700 N LOGAN, UT 84321 |
| Phone: | (435) 563-6882 |
| Fax: | (435) 563-2729 |
| Website: | http://www.lcrcu.org |
| Branches: | 1 branch locations |
| Members: | 2,435 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24763 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,826,141 |
| CEO/Manager: | Jennifer Leishman |
| Chairperson: | Peter C Krusi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 523,100 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,603,734 |
| Unsecured Loans | 202,679 |
| Other Loans | 8,582,773 |
| TOTAL LOANS | 13,389,186 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,468 |
| Land And Building | 931,098 |
| Other Fixed Assets | 38,630 |
| NCUSIF Deposit | 260,756 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,826,141 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,093 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,755 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,336,918 |
| Regular shares | 27,568,623 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 28,905,541 |
| TOTAL LIABILITIES | 28,926,389 |
| Regular Reserve | 0 |
| Other Reserves | 54,469 |
| Undivided Earnings | 3,845,283 |
| TOTAL EQUITY | 3,899,752 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,826,141 |
| INCOME & EXPENSE | |
| Loan Income | 105,590 |
| Investment Income | 89,166 |
| Other Income | 10,096 |
| Total Employee Compensation & Benefits | 57,542 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 75,929 |
| Non-operating Income & (Expense) | 3,003 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 750 |
| Cost of Funds | 14,093 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,541 |
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