Sep, 30, 2021 — LAKE ERIE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Girard, PA with 1 branch location and about $6.14 million in total assets. Opened 74 years ago in 1948, LAKE ERIE COMMUNITY FEDERAL CREDIT UNION has about 1,293 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAKE ERIE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 721 Rice Ave Girard, PA 16417-1122 |
| Phone: | (814) 774-4130 |
| Fax: | (814) 774-5306 |
| Website: | http://www.lecfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,293 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5951 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,141,664 |
| CEO/Manager: | KRIS RUSSIN |
| Chairperson: | JEREMY ANDERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,612,984 |
| TOTAL INVESTMENTS | 1,718,631 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 732,268 |
| Other Loans | 2,005,875 |
| TOTAL LOANS | 2,738,143 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,029 |
| Land And Building | 0 |
| Other Fixed Assets | 13,597 |
| NCUSIF Deposit | 51,788 |
| All Other Assets | 11,550 |
| TOTAL ASSETS | 6,141,664 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 486 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,668 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 860,674 |
| Regular shares | 4,037,922 |
| All Other Shares & Deposits | 810,486 |
| TOTAL SHARES & DEPOSITS | 5,709,082 |
| TOTAL LIABILITIES | 5,712,236 |
| Regular Reserve | 75,552 |
| Other Reserves | 0 |
| Undivided Earnings | 353,876 |
| TOTAL EQUITY | 429,428 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,141,664 |
| INCOME & EXPENSE | |
| Loan Income | 123,631 |
| Investment Income | 13,230 |
| Other Income | 13,147 |
| Total Employee Compensation & Benefits | 70,476 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 74,994 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -900 |
| Cost of Funds | 3,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,139 |
| ↑ Back to Top | |