Dec, 31, 2023 — LUTHERAN FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT LOUIS, MO with 1 branch location and about $31.82 million in total assets. Opened 10 years ago in 2014, LUTHERAN FEDERAL CREDIT UNION has about 5,009 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LUTHERAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 10733 Sunset Office Dr Ste 406 SAINT LOUIS, MO 63127-1024 |
Phone: | (314) 394-2790 |
Fax: | (314) 394-2799 |
Website: | https://www.lutheranfcu.org |
Branches: | 1 branch locations |
Members: | 5,009 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24861 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 2014 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,818,715 |
CEO/Manager: | Amanda Walker |
Chairperson: | David Worthington |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,743,868 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 38,927 |
Real Estate Loans | 3,006,854 |
Unsecured Loans | 1,450,908 |
Other Loans | 12,134,172 |
TOTAL LOANS | 16,591,934 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,993 |
Land And Building | 0 |
Other Fixed Assets | 16,103 |
NCUSIF Deposit | 294,806 |
All Other Assets | 0 |
TOTAL ASSETS | 31,818,715 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 430 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 187,377 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,443,970 |
Regular shares | 14,361,803 |
All Other Shares & Deposits | 120,119 |
TOTAL SHARES & DEPOSITS | 28,925,893 |
TOTAL LIABILITIES | 29,113,700 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,705,015 |
TOTAL EQUITY | 2,705,015 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,818,715 |
INCOME & EXPENSE | |
Loan Income | 624,983 |
Investment Income | 442,365 |
Other Income | 654,141 |
Total Employee Compensation & Benefits | 738,668 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 699,888 |
Non-operating Income & (Expense) | 1,582 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,784 |
Cost of Funds | 7,453 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 510,073 |
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