Dec, 31, 2023 — LINCOLN COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in LIBBY, MT with 2 branch locations and about $164.07 million in total assets. Opened 67 years ago in 1957, LINCOLN COUNTY CREDIT UNION has about 5,590 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LINCOLN COUNTY CREDIT UNION |
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Address: (Main Office) | 714 W 6th St LIBBY, MT 59923 |
Phone: | (406) 293-7771 |
Fax: | (406) 293-3236 |
Website: | https://www.lincolncountycu.com |
Branches: | 2 branch locations |
Members: | 5,590 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63199 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $164,068,055 |
CEO/Manager: | Lindsay Beaty |
Chairperson: | Jon Reny |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,500,147 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 51,018,221 |
Unsecured Loans | 1,875,413 |
Other Loans | 17,035,175 |
TOTAL LOANS | 69,928,809 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -203,037 |
Land And Building | 1,296,007 |
Other Fixed Assets | 329,135 |
NCUSIF Deposit | 1,242,443 |
All Other Assets | 0 |
TOTAL ASSETS | 164,068,055 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 463,782 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,772,922 |
Regular shares | 72,373,706 |
All Other Shares & Deposits | 34,831,671 |
TOTAL SHARES & DEPOSITS | 130,978,298 |
TOTAL LIABILITIES | 131,442,080 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 32,625,975 |
TOTAL EQUITY | 32,625,975 |
TOTAL LIABILITIES, SHARES, & EQUITY | 164,068,055 |
INCOME & EXPENSE | |
Loan Income | 3,044,900 |
Investment Income | 1,304,722 |
Other Income | 521,209 |
Total Employee Compensation & Benefits | 827,160 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,507,538 |
Non-operating Income & (Expense) | 17,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,002,453 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,844,659 |
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