Sep, 30, 2022 — LIBRARY OF CONGRESS FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $297.93 million in total assets. Opened 88 years ago in 1935, LIBRARY OF CONGRESS FEDERAL CREDIT UNION has about 9,554 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LIBRARY OF CONGRESS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 Independence Ave SE Rm 634 WASHINGTON, DC 20540-0002 |
| Phone: | (800) 325-2328 |
| Fax: | (202) 707-5643 |
| Website: | https://www.lcfcu.org |
| Branches: | 1 branch locations |
| Members: | 9,554 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 266 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $297,925,410 |
| CEO/Manager: | GARY MANDELKORN |
| Chairperson: | ROSALYN COATES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,465,333 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 114,579,772 |
| Unsecured Loans | 18,779,486 |
| Other Loans | 27,670,661 |
| TOTAL LOANS | 161,029,919 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -777,186 |
| Land And Building | 0 |
| Other Fixed Assets | 78,222 |
| NCUSIF Deposit | 2,190,762 |
| All Other Assets | 820,128 |
| TOTAL ASSETS | 297,925,410 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 174,067 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,724,702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 45,535,476 |
| Regular shares | 99,126,088 |
| All Other Shares & Deposits | 102,622,037 |
| TOTAL SHARES & DEPOSITS | 247,283,601 |
| TOTAL LIABILITIES | 249,182,370 |
| Regular Reserve | 0 |
| Other Reserves | 2,093,459 |
| Undivided Earnings | 46,649,581 |
| TOTAL EQUITY | 48,743,040 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 297,925,410 |
| INCOME & EXPENSE | |
| Loan Income | 4,699,950 |
| Investment Income | 993,491 |
| Other Income | 939,190 |
| Total Employee Compensation & Benefits | 1,896,023 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,478,115 |
| Non-operating Income & (Expense) | 177,092 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 198,721 |
| Cost of Funds | 692,493 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,802,371 |
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