Sep, 30, 2025 — LAKESIDE EMPLS. CREDIT UNION is a federally insured state chartered credit union headquartered in NEW JOHNSONVILLE, TN with 2 branch locations and about $42.16 million in total assets. Opened 61 years ago in 1965, LAKESIDE EMPLS. CREDIT UNION has about 2,619 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAKESIDE EMPLS. CREDIT UNION |
|---|---|
| Address: (Main Office) | 1008 Broadway Ave NEW JOHNSONVILLE, TN 37134 |
| Phone: | (931) 535-3750 |
| Fax: | (931) 535-3601 |
| Website: | https://www.lcu.coop |
| Branches: | 2 branch locations |
| Members: | 2,619 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67713 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,162,340 |
| CEO/Manager: | Karen D Scott |
| Chairperson: | James I McKay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,942,530 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 953,032 |
| Unsecured Loans | 1,891,578 |
| Other Loans | 19,577,394 |
| TOTAL LOANS | 22,422,004 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -294,624 |
| Land And Building | 344,607 |
| Other Fixed Assets | 77,561 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 328,792 |
| All Other Assets | 3,675 |
| TOTAL ASSETS | 42,162,340 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,427 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 153,829 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,667,873 |
| Regular shares | 13,574,745 |
| All Other Shares & Deposits | 12,640,228 |
| TOTAL SHARES & DEPOSITS | 34,882,846 |
| TOTAL LIABILITIES | 35,043,102 |
| Regular Reserve | 0 |
| Other Reserves | 808,491 |
| Undivided Earnings | 6,310,747 |
| TOTAL EQUITY | 7,119,238 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,162,340 |
| INCOME & EXPENSE | |
| Loan Income | 1,121,862 |
| Investment Income | 558,028 |
| Other Income | 103,847 |
| Total Employee Compensation & Benefits | 463,129 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 453,703 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 200,000 |
| Cost of Funds | 236,018 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 437,779 |
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