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LETCHER COUNTY TEACHERS CREDIT UNION

Jun, 30, 2021 — LETCHER COUNTY TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in Whitesburg, KY with 0 branch location and about $1.20 million in total assets. Opened 57 years ago in 1964, LETCHER COUNTY TEACHERS CREDIT UNION has about 452 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LETCHER COUNTY TEACHERS CREDIT UNION
Address:
(Main Office)
PO Box 735
Whitesburg, KY 41858-0735
Phone:(606) 633-4455
Fax:(606) 633-5343
Website:n/a
Branches:0 branch locations
Members:452
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62303
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,203,018
CEO/Manager:V.Renna Sexton
Chairperson:Robert D Boggs

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 407,210
TOTAL INVESTMENTS 323,335
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 182,590
 Other Loans 293,006
 TOTAL LOANS 475,596
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,491
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 8,368
 All Other Assets 0
  TOTAL ASSETS 1,203,018
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 179
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 959,903
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 959,903
  TOTAL LIABILITIES 960,082
 Regular Reserve 54,102
 Other Reserves 0
 Undivided Earnings 188,834
  TOTAL EQUITY 242,936
  TOTAL LIABILITIES, SHARES, & EQUITY 1,203,018
INCOME & EXPENSE  
 Loan Income 23,681
 Investment Income 3,297
 Other Income 905
 Total Employee Compensation & Benefits 7,908
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,052
 Non-operating Income & (Expense) 70
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 993
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