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LANGSTON BAG CO. EMPLS. SAV. ASSN. CREDIT UNION

Sep, 30, 2022 — LANGSTON BAG CO. EMPLS. SAV. ASSN. CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 0 branch location and about $56,622 in total assets. Opened 59 years ago in 1964, LANGSTON BAG CO. EMPLS. SAV. ASSN. CREDIT UNION has about 26 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LANGSTON BAG CO. EMPLS. SAV. ASSN. CREDIT UNION
Address:
(Main Office)
1760 S 3RD ST
MEMPHIS, TN 38109-7712
Phone:(901) 774-4440
Fax:(901) 942-5402
Website:n/a
Branches:0 branch locations
Members:26
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68164
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$56,622
CEO/Manager:Roy Wooten
Chairperson:George Parkey

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 37,111
TOTAL INVESTMENTS 19,961
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,864
 Other Loans 0
 TOTAL LOANS 2,864
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,900
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 371
 All Other Assets 215
  TOTAL ASSETS 56,622
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,042
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 38,938
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 38,938
  TOTAL LIABILITIES 39,980
 Regular Reserve 1,063
 Other Reserves 0
 Undivided Earnings 15,579
  TOTAL EQUITY 16,642
  TOTAL LIABILITIES, SHARES, & EQUITY 56,622
INCOME & EXPENSE  
 Loan Income 1,118
 Investment Income 338
 Other Income 636
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 288
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 588
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,216
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