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LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION

Mar, 31, 2022 — 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 $47.21 million in total assets. Opened 88 years ago in 1934, LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION has about 3,076 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.


ABA Routing Number: 283079353
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:http://www.lgecu.org
Branches:2 branch locations
Members:3,076
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:$47,214,924
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 2,933,412
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,354,545
 Unsecured Loans 1,864,930
 Other Loans 13,799,440
 TOTAL LOANS 24,018,915
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,802
 Land And Building 0
 Other Fixed Assets 19,349
 NCUSIF Deposit 382,050
 All Other Assets 0
  TOTAL ASSETS 47,214,924
LIABILITIES & CAPITAL:  
 Dividends Payable 162
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 83,669
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,261,252
 Regular shares 20,488,294
 All Other Shares & Deposits 15,958,401
  TOTAL SHARES & DEPOSITS 40,707,947
  TOTAL LIABILITIES 40,791,778
 Regular Reserve 0
 Other Reserves 514,475
 Undivided Earnings 5,908,671
  TOTAL EQUITY 6,423,146
  TOTAL LIABILITIES, SHARES, & EQUITY 47,214,924
INCOME & EXPENSE  
 Loan Income 237,767
 Investment Income 52,661
 Other Income 22,369
 Total Employee Compensation & Benefits 103,999
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 137,476
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 28,438
 Cost of Funds 41,381
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 49,835
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