Dec, 31, 2021 — LAKE ERIE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in GIRARD, PA with 1 branch location and about $6.29 million in total assets. Opened 74 years ago in 1948, LAKE ERIE COMMUNITY FEDERAL CREDIT UNION has about 1,274 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: | 1,274 |
| 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: | $6,287,231 |
| CEO/Manager: | KRIS RUSSIN |
| Chairperson: | JEREMY ANDERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 865,149 |
| TOTAL INVESTMENTS | 2,687,073 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 743,571 |
| Other Loans | 1,922,300 |
| TOTAL LOANS | 2,665,871 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,878 |
| Land And Building | 0 |
| Other Fixed Assets | 12,777 |
| NCUSIF Deposit | 51,788 |
| All Other Assets | 7,451 |
| TOTAL ASSETS | 6,287,231 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,463 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 985,349 |
| Regular shares | 3,970,175 |
| All Other Shares & Deposits | 897,707 |
| TOTAL SHARES & DEPOSITS | 5,853,231 |
| TOTAL LIABILITIES | 5,857,490 |
| Regular Reserve | 75,552 |
| Other Reserves | 0 |
| Undivided Earnings | 354,189 |
| TOTAL EQUITY | 429,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,287,231 |
| INCOME & EXPENSE | |
| Loan Income | 164,461 |
| Investment Income | 17,605 |
| Other Income | 18,634 |
| Total Employee Compensation & Benefits | 97,685 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 97,629 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -900 |
| Cost of Funds | 4,203 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,452 |
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