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LANCASTER RED ROSE CREDIT UNION

Dec, 31, 2023 — LANCASTER RED ROSE CREDIT UNION is a federally insured state chartered credit union headquartered in LEOLA, PA with 4 branch locations and about $55.12 million in total assets. Opened 76 years ago in 1948, LANCASTER RED ROSE CREDIT UNION has about 5,099 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LANCASTER RED ROSE CREDIT UNION
Address:
(Main Office)
16 E Main St
LEOLA, PA 17540-1936
Phone:(717) 295-6685
Fax:(717) 556-8736
Website:https://www.lrrcu.org
Branches:4 branch locations
Members:5,099
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60113
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1948
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$55,123,784
CEO/Manager:Kara E Vincent
Chairperson:C Michael Wetzel

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,497,727
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,282,519
 Unsecured Loans 2,391,756
 Other Loans 5,558,609
 TOTAL LOANS 15,232,885
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,182,802
 Land And Building 1,291,115
 Other Fixed Assets 74,203
 NCUSIF Deposit 505,841
 All Other Assets 0
  TOTAL ASSETS 55,123,784
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 284,460
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,983,771
 Regular shares 28,859,300
 All Other Shares & Deposits 11,614,739
  TOTAL SHARES & DEPOSITS 49,457,812
  TOTAL LIABILITIES 49,742,272
 Regular Reserve 0
 Other Reserves -27,601
 Undivided Earnings 5,409,113
  TOTAL EQUITY 5,381,512
  TOTAL LIABILITIES, SHARES, & EQUITY 55,123,784
INCOME & EXPENSE  
 Loan Income 741,567
 Investment Income 1,485,210
 Other Income 204,971
 Total Employee Compensation & Benefits 450,131
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 918,519
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -30,391
 Cost of Funds 231,725
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,091,234
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