Sep, 30, 2025 — LATVIAN CLEVELAND CREDIT UNION is a federally insured state chartered credit union headquartered in LAKEWOOD, OH with 1 branch location and about $29.97 million in total assets. Opened 66 years ago in 1960, LATVIAN CLEVELAND CREDIT UNION has about 937 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.
| Name: | LATVIAN CLEVELAND CREDIT UNION |
|---|---|
| Address: (Main Office) | 1385 Andrews Ave LAKEWOOD, OH 44107-2405 |
| Phone: | (216) 228-1996 |
| Fax: | (216) 521-8511 |
| Website: | https://www.latvianclevelandcu.org |
| Branches: | 1 branch locations |
| Members: | 937 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62822 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $29,973,128 |
| CEO/Manager: | Robert J Junge |
| Chairperson: | Andris Celcherts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,188,851 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,123,631 |
| Unsecured Loans | 8,325 |
| Other Loans | 1,017,279 |
| TOTAL LOANS | 18,149,235 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -161,108 |
| Land And Building | 0 |
| Other Fixed Assets | 21,934 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 223,221 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,973,128 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 57,792 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 50,269 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,435,305 |
| Regular shares | 6,340,090 |
| All Other Shares & Deposits | 16,455,913 |
| TOTAL SHARES & DEPOSITS | 24,231,308 |
| TOTAL LIABILITIES | 24,339,369 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,633,759 |
| TOTAL EQUITY | 5,633,759 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,973,128 |
| INCOME & EXPENSE | |
| Loan Income | 507,723 |
| Investment Income | 319,135 |
| Other Income | 5,894 |
| Total Employee Compensation & Benefits | 187,273 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 180,736 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,018 |
| Cost of Funds | 344,185 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 123,576 |
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