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 |
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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 |
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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 |
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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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