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 |
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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 |
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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 |
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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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