Jun, 30, 2024 — LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $45.54 million in total assets. Opened 91 years ago in 1934, LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION has about 3,034 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION |
|---|---|
| Address: (Main Office) | 820 W Broadway LOUISVILLE, KY 40202 |
| Phone: | (502) 627-3140 |
| Fax: | (502) 627-4670 |
| Website: | https://www.lgecu.org |
| Branches: | 2 branch locations |
| Members: | 3,034 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61123 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $45,540,605 |
| CEO/Manager: | Sharon L Beaven |
| Chairperson: | Samantha Stickler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,461,709 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,808,987 |
| Unsecured Loans | 2,003,497 |
| Other Loans | 14,780,465 |
| TOTAL LOANS | 25,608,269 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,416 |
| Land And Building | 0 |
| Other Fixed Assets | 12,786 |
| NCUSIF Deposit | 386,589 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,540,605 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 725 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 100,345 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,664,356 |
| Regular shares | 19,078,911 |
| All Other Shares & Deposits | 16,137,610 |
| TOTAL SHARES & DEPOSITS | 38,880,877 |
| TOTAL LIABILITIES | 38,981,947 |
| Regular Reserve | 0 |
| Other Reserves | 514,474 |
| Undivided Earnings | 6,044,184 |
| TOTAL EQUITY | 6,558,658 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,540,605 |
| INCOME & EXPENSE | |
| Loan Income | 749,440 |
| Investment Income | 163,064 |
| Other Income | 68,803 |
| Total Employee Compensation & Benefits | 342,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 421,499 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,105 |
| Cost of Funds | 127,304 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 185,346 |
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