Dec, 31, 2023 — LESCO FEDERAL CREDIT UNION is a federal credit union headquartered in LATROBE, PA with 2 branch locations and about $99.96 million in total assets. Opened 74 years ago in 1950, LESCO FEDERAL CREDIT UNION has about 7,822 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LESCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2613 Ligonier St LATROBE, PA 15650 |
| Phone: | (724) 539-9744 |
| Fax: | (724) 539-2345 |
| Website: | https://www.lescofcu.com |
| Branches: | 2 branch locations |
| Members: | 7,822 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6785 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $99,961,572 |
| CEO/Manager: | Neal Fenton |
| Chairperson: | Gene Zurawsky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,616,681 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,668,186 |
| Unsecured Loans | 4,065,644 |
| Other Loans | 17,698,808 |
| TOTAL LOANS | 24,432,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -159,425 |
| Land And Building | 1,268,546 |
| Other Fixed Assets | 206,520 |
| NCUSIF Deposit | 787,710 |
| All Other Assets | 0 |
| TOTAL ASSETS | 99,961,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 122,462 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,348,667 |
| Regular shares | 62,706,663 |
| All Other Shares & Deposits | 9,231,856 |
| TOTAL SHARES & DEPOSITS | 83,287,186 |
| TOTAL LIABILITIES | 83,409,648 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 16,551,924 |
| TOTAL EQUITY | 16,551,924 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,961,572 |
| INCOME & EXPENSE | |
| Loan Income | 1,283,851 |
| Investment Income | 3,074,446 |
| Other Income | 187,639 |
| Total Employee Compensation & Benefits | 747,550 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,032,821 |
| Non-operating Income & (Expense) | 27,807 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 152,892 |
| Cost of Funds | 1,822,363 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,340,057 |
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» See also Statement of Financial Condition