Dec, 31, 2022 — LAKE ERIE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in GIRARD, PA with 1 branch location and about $6.74 million in total assets. Opened 75 years ago in 1948, LAKE ERIE COMMUNITY FEDERAL CREDIT UNION has about 1,251 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: | https://www.lecfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,251 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,735,906 |
| CEO/Manager: | KRIS RUSSIN |
| Chairperson: | JEREMY ANDERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 455,579 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 929,024 |
| Other Loans | 2,179,778 |
| TOTAL LOANS | 3,108,802 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -683 |
| Land And Building | 0 |
| Other Fixed Assets | 8,350 |
| NCUSIF Deposit | 58,532 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,735,906 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 111 |
| Notes & Interest Payable | 300,000 |
| Accounts Payable & Other Liabilities | 2,714 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 964,136 |
| Regular shares | 4,270,966 |
| All Other Shares & Deposits | 769,913 |
| TOTAL SHARES & DEPOSITS | 6,005,015 |
| TOTAL LIABILITIES | 6,307,840 |
| Regular Reserve | 0 |
| Other Reserves | 75,552 |
| Undivided Earnings | 352,514 |
| TOTAL EQUITY | 428,066 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,735,906 |
| INCOME & EXPENSE | |
| Loan Income | 131,231 |
| Investment Income | 17,205 |
| Other Income | 19,356 |
| Total Employee Compensation & Benefits | 77,264 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 85,860 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 2,938 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,674 |
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