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L&N EMPLOYEES CREDIT UNION

Mar, 31, 2022 — L&N EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $9.79 million in total assets. Opened 70 years ago in 1952, L&N EMPLOYEES CREDIT UNION has about 1,530 members and employs 4 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: 262087159
Name:L&N EMPLOYEES CREDIT UNION
Address:
(Main Office)
4101 Vanderbilt Rd
BIRMINGHAM, AL 35217
Phone:(205) 841-2544
Fax:(205) 849-6843
Website:http://www.mylncu.com
Branches:2 branch locations
Members:1,530
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62356
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$9,791,376
CEO/Manager:Michelle Cooper
Chairperson:Earnest Long Sr

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,012,968
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,805,833
 Unsecured Loans 395,361
 Other Loans 3,526,982
 TOTAL LOANS 5,728,176
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -37,862
 Land And Building 59,750
 Other Fixed Assets 8,012
 NCUSIF Deposit 83,158
 All Other Assets 81,240
  TOTAL ASSETS 9,791,376
LIABILITIES & CAPITAL:  
 Dividends Payable 309
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 97,722
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,184,399
 Regular shares 3,289,662
 All Other Shares & Deposits 3,750,773
  TOTAL SHARES & DEPOSITS 8,224,834
  TOTAL LIABILITIES 8,322,865
 Regular Reserve 0
 Other Reserves 53,749
 Undivided Earnings 1,414,762
  TOTAL EQUITY 1,468,511
  TOTAL LIABILITIES, SHARES, & EQUITY 9,791,376
INCOME & EXPENSE  
 Loan Income 93,955
 Investment Income 3,212
 Other Income 30,112
 Total Employee Compensation & Benefits 70,566
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 67,443
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,502
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -16,232
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