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LAKESIDE EMPLS. CREDIT UNION

Dec, 31, 2023 — LAKESIDE EMPLS. CREDIT UNION is a federally insured state chartered credit union headquartered in NEW JOHNSONVILLE, TN with 2 branch locations and about $39.95 million in total assets. Opened 59 years ago in 1965, LAKESIDE EMPLS. CREDIT UNION has about 2,527 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:LAKESIDE EMPLS. CREDIT UNION
Address:
(Main Office)
1008 Broadway Ave
NEW JOHNSONVILLE, TN 37134
Phone:(931) 535-3750
Fax:(931) 535-3601
Website:https://lcu.coop
Branches:2 branch locations
Members:2,527
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$39,950,891
CEO/Manager:Karen D Scott
Chairperson:James I McKay

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,614,500
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 779,295
 Unsecured Loans 1,830,990
 Other Loans 18,007,383
 TOTAL LOANS 20,617,668
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -218,119
 Land And Building 251,345
 Other Fixed Assets 59,136
 NCUSIF Deposit 343,812
 All Other Assets 0
  TOTAL ASSETS 39,950,891
LIABILITIES & CAPITAL:  
 Dividends Payable 135
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 104,599
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,698,883
 Regular shares 13,199,343
 All Other Shares & Deposits 10,864,778
  TOTAL SHARES & DEPOSITS 33,763,003
  TOTAL LIABILITIES 33,867,737
 Regular Reserve 0
 Other Reserves 808,491
 Undivided Earnings 5,274,663
  TOTAL EQUITY 6,083,154
  TOTAL LIABILITIES, SHARES, & EQUITY 39,950,891
INCOME & EXPENSE  
 Loan Income 1,033,461
 Investment Income 423,712
 Other Income 134,868
 Total Employee Compensation & Benefits 563,474
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 503,295
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 57,000
 Cost of Funds 177,745
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 305,574
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