Dec, 31, 2023 — LOUDOUN CREDIT UNION is a federally insured state chartered credit union headquartered in LEESBURG, VA with 1 branch location and about $51.83 million in total assets. Opened 46 years ago in 1978, LOUDOUN CREDIT UNION has about 5,313 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUDOUN CREDIT UNION |
|---|---|
| Address: (Main Office) | 801 Sycolin Rd SE Ste 101 LEESBURG, VA 20175 |
| Phone: | (703) 777-4744 |
| Fax: | (703) 777-5056 |
| Website: | https://www.loudouncu.com |
| Branches: | 1 branch locations |
| Members: | 5,313 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66954 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,827,953 |
| CEO/Manager: | Travis Allen |
| Chairperson: | Cindy Mester |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 502,627 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,194,178 |
| Unsecured Loans | 5,732,887 |
| Other Loans | 11,054,832 |
| TOTAL LOANS | 20,981,897 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,554 |
| Land And Building | 0 |
| Other Fixed Assets | 103,763 |
| NCUSIF Deposit | 473,478 |
| All Other Assets | 0 |
| TOTAL ASSETS | 51,827,953 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 669,694 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,886,293 |
| Regular shares | 28,681,973 |
| All Other Shares & Deposits | 8,965,847 |
| TOTAL SHARES & DEPOSITS | 48,534,113 |
| TOTAL LIABILITIES | 49,203,807 |
| Regular Reserve | 0 |
| Other Reserves | -2,171,992 |
| Undivided Earnings | 4,796,138 |
| TOTAL EQUITY | 2,624,146 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,827,953 |
| INCOME & EXPENSE | |
| Loan Income | 1,365,306 |
| Investment Income | 740,893 |
| Other Income | 120,574 |
| Total Employee Compensation & Benefits | 804,664 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,077,936 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 99,658 |
| Cost of Funds | 202,282 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 318,173 |
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