Dec, 31, 2023 — LEXINGTON POSTAL COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LEXINGTON, KY with 1 branch location and about $27.69 million in total assets. Opened 96 years ago in 1928, LEXINGTON POSTAL COMMUNITY CREDIT UNION has about 2,260 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEXINGTON POSTAL COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 124 Louie Pl LEXINGTON, KY 40511 |
| Phone: | (859) 252-5151 |
| Fax: | (859) 252-2984 |
| Website: | https://www.lexpccu.com |
| Branches: | 1 branch locations |
| Members: | 2,260 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62370 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,688,269 |
| CEO/Manager: | Sharon L Stafford |
| Chairperson: | Randy Bradley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,872,885 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,358,816 |
| Unsecured Loans | 1,253,607 |
| Other Loans | 8,791,386 |
| TOTAL LOANS | 12,403,809 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,919 |
| Land And Building | 1,462,380 |
| Other Fixed Assets | 56,448 |
| NCUSIF Deposit | 252,064 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,688,269 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,541 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,283,262 |
| Regular shares | 16,076,245 |
| All Other Shares & Deposits | 816,644 |
| TOTAL SHARES & DEPOSITS | 25,176,151 |
| TOTAL LIABILITIES | 25,244,692 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,443,577 |
| TOTAL EQUITY | 2,443,577 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,688,269 |
| INCOME & EXPENSE | |
| Loan Income | 529,421 |
| Investment Income | 282,335 |
| Other Income | 135,984 |
| Total Employee Compensation & Benefits | 316,579 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 775,807 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,196 |
| Cost of Funds | 8,808 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 168,318 |
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