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LONG ISLAND ALLIANCE FEDERAL CREDIT UNION

Mar, 31, 2021 — LONG ISLAND ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in HAUPPAUGE, NY with 2 branch locations and about $17.08 million in total assets. Opened 83 years ago in 1938, LONG ISLAND ALLIANCE FEDERAL CREDIT UNION has about 2,086 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221492002
Name:LONG ISLAND ALLIANCE FEDERAL CREDIT UNION
Address:
(Main Office)
250 VETERANS MEMORIAL HIGHWAY
HAUPPAUGE, NY 11788
Phone:(631) 291-9160
Fax:(631) 360-3620
Website:http://www.lisefcu.org
Branches:2 branch locations
Members:2,086
Credit Union Type:Federal Credit Union
Charter Number:2782
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1938
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$17,077,109
CEO/Manager:Joyce L Miller
Chairperson:IAN FRANCIS

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • ATM/Debit Card Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,872,382
TOTAL INVESTMENTS 9,664,805
Loans Held for Sale 0
 
 Real Estate Loans 1,000,569
 Unsecured Loans 1,606,784
 Other Loans 789,797
 TOTAL LOANS 3,397,150
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -37,242
 Land And Building 0
 Other Fixed Assets 19,069
 NCUSIF Deposit 132,492
 All Other Assets 28,453
  TOTAL ASSETS 17,077,109
LIABILITIES & CAPITAL:  
 Dividends Payable 245
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 59,829
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,496,782
 Regular shares 9,050,238
 All Other Shares & Deposits 1,996,959
  TOTAL SHARES & DEPOSITS 15,543,979
  TOTAL LIABILITIES 15,604,053
 Regular Reserve 556,591
 Other Reserves 0
 Undivided Earnings 916,465
  TOTAL EQUITY 1,473,056
  TOTAL LIABILITIES, SHARES, & EQUITY 17,077,109
INCOME & EXPENSE  
 Loan Income 70,014
 Investment Income 47,628
 Other Income 16,628
 Total Employee Compensation & Benefits 43,994
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 78,525
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,560
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 36,724
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