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LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION

Jun, 30, 2021 — 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 $46.46 million in total assets. Opened 87 years ago in 1934, LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION has about 3,128 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.


ABA Routing Number: 283079353
Name:LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION
Address:
(Main Office)
PO Box 32040
Louisville, KY 40232
Phone:(502) 627-3140
Fax:(502) 627-4670
Website:http://www.lgecu.org
Branches:2 branch locations
Members:3,128
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$46,459,338
CEO/Manager:Sharon L Beaven
Chairperson:Samantha Stickler

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,845,774
TOTAL INVESTMENTS 21,530,487
Loans Held for Sale 0
 
 Real Estate Loans 6,932,727
 Unsecured Loans 1,970,873
 Other Loans 13,679,344
 TOTAL LOANS 22,582,944
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,309
 Land And Building 0
 Other Fixed Assets 24,888
 NCUSIF Deposit 388,031
 All Other Assets 117,523
  TOTAL ASSETS 46,459,338
LIABILITIES & CAPITAL:  
 Dividends Payable 519
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 54,939
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,132,193
 Regular shares 19,297,160
 All Other Shares & Deposits 16,762,197
  TOTAL SHARES & DEPOSITS 40,191,550
  TOTAL LIABILITIES 40,247,008
 Regular Reserve 514,475
 Other Reserves 0
 Undivided Earnings 5,697,855
  TOTAL EQUITY 6,212,330
  TOTAL LIABILITIES, SHARES, & EQUITY 46,459,338
INCOME & EXPENSE  
 Loan Income 466,089
 Investment Income 150,034
 Other Income 42,187
 Total Employee Compensation & Benefits 268,080
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 268,372
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,108
 Cost of Funds 130,765
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 93,380
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