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LAFAYETTE FEDERAL CREDIT UNION

Mar, 31, 2022 — LAFAYETTE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 9 branch locations and about $1.43 billion in total assets. Opened 87 years ago in 1935, LAFAYETTE FEDERAL CREDIT UNION has about 51,339 members and employs 154 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: 254074811
Name:LAFAYETTE FEDERAL CREDIT UNION
Address:
(Main Office)
2701 Tower Oaks Blvd
ROCKVILLE, MD 20852
Phone:(301) 929-7990
Fax:
Website:http://www.lfcu.org
Branches:9 branch locations
Members:51,339
Credit Union Type:Federal Credit Union
Charter Number:619
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,425,766,251
CEO/Manager:John Farmakides
Chairperson:Nathan ' Gus' Siekierka

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 213,929,151
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 300,113,226
 Unsecured Loans 655,189,819
 Other Loans 109,948,187
 TOTAL LOANS 1,065,251,232
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,791,155
 Land And Building 5,848,967
 Other Fixed Assets 1,885,395
 NCUSIF Deposit 7,536,611
 All Other Assets 0
  TOTAL ASSETS 1,425,766,251
LIABILITIES & CAPITAL:  
 Dividends Payable 369,458
 Notes & Interest Payable 60,000,000
 Accounts Payable & Other Liabilities 59,063,836
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 15,000,000
 Share Drafts 178,602,894
 Regular shares 97,756,059
 All Other Shares & Deposits 798,793,468
  TOTAL SHARES & DEPOSITS 1,075,152,421
  TOTAL LIABILITIES 1,209,585,715
 Regular Reserve 0
 Other Reserves 11,258,109
 Undivided Earnings 204,922,427
  TOTAL EQUITY 216,180,536
  TOTAL LIABILITIES, SHARES, & EQUITY 1,425,766,251
INCOME & EXPENSE  
 Loan Income 13,496,244
 Investment Income 426,960
 Other Income 10,213,044
 Total Employee Compensation & Benefits 5,603,039
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,839,917
 Non-operating Income & (Expense) 16,351,298
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,028,093
 Cost of Funds 2,508,735
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 29,464,372
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