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LONG BEACH TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2023 — LONG BEACH TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in LIDO BEACH, NY with 1 branch location and about $3.10 million in total assets. Opened 85 years ago in 1939, LONG BEACH TEACHERS FEDERAL CREDIT UNION has about 379 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LONG BEACH TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
322 Lagoon Dr W
LIDO BEACH, NY 11561-4908
Phone:(516) 897-2064
Fax:(516) 897-2052
Website:https://lbeach.org
Branches:1 branch locations
Members:379
Credit Union Type:Federal Credit Union
Charter Number:3256
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1939
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$3,098,253
CEO/Manager:James Fiola
Chairperson:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 364,799
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 757,820
 Other Loans 115,722
 TOTAL LOANS 877,957
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,019
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 29,303
 All Other Assets 0
  TOTAL ASSETS 3,098,253
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,201
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,455,992
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,455,992
  TOTAL LIABILITIES 2,465,193
 Regular Reserve 0
 Other Reserves 136,285
 Undivided Earnings 496,775
  TOTAL EQUITY 633,060
  TOTAL LIABILITIES, SHARES, & EQUITY 3,098,253
INCOME & EXPENSE  
 Loan Income 60,691
 Investment Income 67,219
 Other Income 1,960
 Total Employee Compensation & Benefits 56,188
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 50,674
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,589
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 18,419
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