LETCHER COUNTY TEACHERS CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — LETCHER COUNTY TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in Whitesburg, KY with 0 branch location and about $1.25 million in total assets. Opened 60 years ago in 1964, LETCHER COUNTY TEACHERS CREDIT UNION has about 447 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: | 447 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,252,265 |
| CEO/Manager: | V.Renna Sexton |
| Chairperson: | Sherry Sexton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 638,310 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 167,798 |
| Other Loans | 120,176 |
| TOTAL LOANS | 287,974 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,991 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 9,237 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,252,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 209 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,005,663 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,005,663 |
| TOTAL LIABILITIES | 1,005,872 |
| Regular Reserve | 0 |
| Other Reserves | 54,102 |
| Undivided Earnings | 192,291 |
| TOTAL EQUITY | 246,393 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,252,265 |
| INCOME & EXPENSE | |
| Loan Income | 24,830 |
| Investment Income | 7,905 |
| Other Income | 2,845 |
| Total Employee Compensation & Benefits | 12,870 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 28,253 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,950 |
| Cost of Funds | 940 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -533 |
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