Jun, 30, 2024 — LUBRIZOL EMPLOYEES' CREDIT UNION is a federally insured state chartered credit union headquartered in DEER PARK, TX with 1 branch location and about $56.00 million in total assets. Opened 71 years ago in 1954, LUBRIZOL EMPLOYEES' CREDIT UNION has about 3,375 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 |
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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: | 3,375 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60378 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $55,995,409 |
CEO/Manager: | Rose Flores |
Chairperson: | Richard J Miller |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,444,490 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,341,980 |
Unsecured Loans | 4,278,144 |
Other Loans | 17,398,685 |
TOTAL LOANS | 25,612,293 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,373 |
Land And Building | 706,788 |
Other Fixed Assets | 32,891 |
NCUSIF Deposit | 422,389 |
All Other Assets | 0 |
TOTAL ASSETS | 55,995,409 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 142,305 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,799,697 |
Regular shares | 34,416,926 |
All Other Shares & Deposits | 6,747,928 |
TOTAL SHARES & DEPOSITS | 47,964,551 |
TOTAL LIABILITIES | 48,106,856 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,888,553 |
TOTAL EQUITY | 7,888,553 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,995,409 |
INCOME & EXPENSE | |
Loan Income | 897,182 |
Investment Income | 238,238 |
Other Income | 222,733 |
Total Employee Compensation & Benefits | 534,739 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 445,418 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,711 |
Cost of Funds | 103,278 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 350,994 |
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