Jun, 30, 2021 — LAKE ERIE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Girard, PA with 1 branch location and about $6.15 million in total assets. Opened 73 years ago in 1948, LAKE ERIE COMMUNITY FEDERAL CREDIT UNION has about 1,303 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: | 1,303 |
| 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: | $6,150,205 |
| CEO/Manager: | KRIS RUSSIN |
| Chairperson: | JEREMY ANDERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,305,737 |
| TOTAL INVESTMENTS | 2,058,195 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 710,190 |
| Other Loans | 1,999,586 |
| TOTAL LOANS | 2,709,776 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,017 |
| Land And Building | 0 |
| Other Fixed Assets | 15,097 |
| NCUSIF Deposit | 51,788 |
| All Other Assets | 16,629 |
| TOTAL ASSETS | 6,150,205 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,845 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,164 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 919,011 |
| Regular shares | 3,965,598 |
| All Other Shares & Deposits | 828,672 |
| TOTAL SHARES & DEPOSITS | 5,713,281 |
| TOTAL LIABILITIES | 5,724,290 |
| Regular Reserve | 75,552 |
| Other Reserves | 0 |
| Undivided Earnings | 350,363 |
| TOTAL EQUITY | 425,915 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,150,205 |
| INCOME & EXPENSE | |
| Loan Income | 81,752 |
| Investment Income | 8,961 |
| Other Income | 8,184 |
| Total Employee Compensation & Benefits | 46,906 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 50,272 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,400 |
| Cost of Funds | 2,711 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,626 |
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