Sep, 30, 2025 — LENNOX EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHALLTOWN, IA with 1 branch location and about $68.83 million in total assets. Opened 78 years ago in 1948, LENNOX EMPLOYEES CREDIT UNION has about 6,572 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: | LENNOX EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1004 E Main St MARSHALLTOWN, IA 50158-2136 |
| Phone: | (641) 754-4501 |
| Fax: | (641) 754-4505 |
| Website: | https://www.lennoxecu.com |
| Branches: | 1 branch locations |
| Members: | 6,572 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64234 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,829,610 |
| CEO/Manager: | Carl F Mundth |
| Chairperson: | Travis Keeler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,783,451 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,628,226 |
| Unsecured Loans | 3,339,478 |
| Other Loans | 32,145,351 |
| TOTAL LOANS | 40,113,055 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -138,495 |
| Land And Building | 648,972 |
| Other Fixed Assets | 44,887 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 594,077 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,829,610 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 148,485 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -347,514 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,710,277 |
| Regular shares | 20,764,266 |
| All Other Shares & Deposits | 34,420,792 |
| TOTAL SHARES & DEPOSITS | 62,895,335 |
| TOTAL LIABILITIES | 62,696,306 |
| Regular Reserve | 0 |
| Other Reserves | 2,083,434 |
| Undivided Earnings | 4,049,870 |
| TOTAL EQUITY | 6,133,304 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,829,610 |
| INCOME & EXPENSE | |
| Loan Income | 1,744,912 |
| Investment Income | 679,318 |
| Other Income | 378,843 |
| Total Employee Compensation & Benefits | 710,690 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 908,550 |
| Non-operating Income & (Expense) | -10,318 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,883 |
| Cost of Funds | 1,032,356 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 104,655 |
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