Dec, 31, 2023 — LUBRIZOL EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in DEER PARK, TX with 1 branch location and about $53.35 million in total assets. Opened 70 years ago in 1954, LUBRIZOL EMPLOYEES' CREDIT UNION has about 3,535 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LUBRIZOL EMPLOYEES' CREDIT UNION |
|---|---|
| Address: (Main Office) | 205 Center St DEER PARK, TX 77536-2735 |
| Phone: | (281) 479-6651 |
| Fax: | (281) 479-3087 |
| Website: | https://www.lzecu.org |
| Branches: | 1 branch locations |
| Members: | 3,535 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60378 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $53,351,549 |
| CEO/Manager: | Rose Flores |
| Chairperson: | Richard J Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,657,368 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,174,263 |
| Unsecured Loans | 4,347,672 |
| Other Loans | 16,915,896 |
| TOTAL LOANS | 25,928,462 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -111,546 |
| Land And Building | 2,675,040 |
| Other Fixed Assets | 340,241 |
| NCUSIF Deposit | 418,187 |
| All Other Assets | 0 |
| TOTAL ASSETS | 53,351,549 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 378,079 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,227,925 |
| Regular shares | 29,691,227 |
| All Other Shares & Deposits | 7,565,454 |
| TOTAL SHARES & DEPOSITS | 44,484,606 |
| TOTAL LIABILITIES | 44,862,685 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,488,864 |
| TOTAL EQUITY | 8,488,864 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 53,351,549 |
| INCOME & EXPENSE | |
| Loan Income | 1,304,630 |
| Investment Income | 694,289 |
| Other Income | 314,032 |
| Total Employee Compensation & Benefits | 744,574 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 790,689 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 74,861 |
| Cost of Funds | 224,164 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 519,972 |
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