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L&N EMPLOYEES CREDIT UNION

Jun, 30, 2023 — L&N EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BIRMINGHAM, AL with 2 branch locations and about $10.07 million in total assets. Opened 72 years ago in 1952, L&N EMPLOYEES CREDIT UNION has about 1,526 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:https://www.mylncu.com
Branches:2 branch locations
Members:1,526
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$10,073,806
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 1,097,385
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,703,501
 Unsecured Loans 404,635
 Other Loans 3,737,367
 TOTAL LOANS 5,845,503
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,609
 Land And Building 88,648
 Other Fixed Assets 43,304
 NCUSIF Deposit 81,167
 All Other Assets 51,640
  TOTAL ASSETS 10,073,806
LIABILITIES & CAPITAL:  
 Dividends Payable 363
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 106,670
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,155,297
 Regular shares 3,796,015
 All Other Shares & Deposits 3,544,826
  TOTAL SHARES & DEPOSITS 8,496,138
  TOTAL LIABILITIES 8,603,171
 Regular Reserve 0
 Other Reserves 65,827
 Undivided Earnings 1,404,808
  TOTAL EQUITY 1,470,635
  TOTAL LIABILITIES, SHARES, & EQUITY 10,073,806
INCOME & EXPENSE  
 Loan Income 292,796
 Investment Income 23,218
 Other Income 95,047
 Total Employee Compensation & Benefits 213,644
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 207,179
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 16,424
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -26,186
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