Sep, 30, 2025 — AMERICAN LAKE CREDIT UNION is a federally insured state chartered credit union headquartered in LAKEWOOD, WA with 2 branch locations and about $58.98 million in total assets. Opened 78 years ago in 1948, AMERICAN LAKE CREDIT UNION has about 4,807 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: | AMERICAN LAKE CREDIT UNION |
|---|---|
| Address: (Main Office) | 9802 Gravelly Lake Dr SW LAKEWOOD, WA 98499-1704 |
| Phone: | (253) 584-0079 |
| Fax: | (253) 581-5035 |
| Website: | https://www.americanlake.org |
| Branches: | 2 branch locations |
| Members: | 4,807 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68371 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,983,955 |
| CEO/Manager: | Kolin C McMann |
| Chairperson: | William Disbrow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,985,603 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,470,434 |
| Unsecured Loans | 2,100,821 |
| Other Loans | 16,945,063 |
| TOTAL LOANS | 24,516,319 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -735,034 |
| Land And Building | 1,514,438 |
| Other Fixed Assets | 103,791 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 504,846 |
| All Other Assets | 63,378 |
| TOTAL ASSETS | 58,983,955 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 354 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 314,254 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,767,459 |
| Regular shares | 22,442,650 |
| All Other Shares & Deposits | 16,742,158 |
| TOTAL SHARES & DEPOSITS | 49,952,267 |
| TOTAL LIABILITIES | 50,266,875 |
| Regular Reserve | 0 |
| Other Reserves | 5,040,000 |
| Undivided Earnings | 3,677,080 |
| TOTAL EQUITY | 8,717,080 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,983,955 |
| INCOME & EXPENSE | |
| Loan Income | 1,104,274 |
| Investment Income | 1,111,942 |
| Other Income | 170,096 |
| Total Employee Compensation & Benefits | 841,286 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 866,603 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 618,029 |
| Cost of Funds | 240,197 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -5,910 |
| ↑ Back to Top | |