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 |
↑ Back to Top |