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National Credit Union Service Organization

AMERICAN LAKE CREDIT UNION

Mar, 31, 2021 — AMERICAN LAKE CREDIT UNION is a federally insured state chartered credit union headquartered in Lakewood, WA with 4 branch locations and about $70.20 million in total assets. Opened 73 years ago in 1948, AMERICAN LAKE CREDIT UNION has about 5,609 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 325182849
Name:AMERICAN LAKE CREDIT UNION
Address:
(Main Office)
PO box 98979
Lakewood, WA 98496
Phone:(253) 584-0079
Fax:(253) 581-5035
Website:http://www.americanlake.org
Branches:4 branch locations
Members:5,609
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$70,199,552
CEO/Manager:Kolin C McMann
Chairperson:William Disbrow

Call Report

  • Credit Builder
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,321,935
TOTAL INVESTMENTS 22,774,460
Loans Held for Sale 0
 
 Real Estate Loans 3,402,807
 Unsecured Loans 2,773,812
 Other Loans 29,221,038
 TOTAL LOANS 35,397,657
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -341,346
 Land And Building 2,237,086
 Other Fixed Assets 246,761
 NCUSIF Deposit 548,197
 All Other Assets 2,014,802
  TOTAL ASSETS 70,199,552
LIABILITIES & CAPITAL:  
 Dividends Payable 198
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 624,234
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,495,603
 Regular shares 26,518,972
 All Other Shares & Deposits 22,235,238
  TOTAL SHARES & DEPOSITS 60,249,813
  TOTAL LIABILITIES 60,874,245
 Regular Reserve 1,500,000
 Other Reserves 3,540,000
 Undivided Earnings 4,285,307
  TOTAL EQUITY 9,325,307
  TOTAL LIABILITIES, SHARES, & EQUITY 70,199,552
INCOME & EXPENSE  
 Loan Income 434,712
 Investment Income 98,297
 Other Income 69,083
 Total Employee Compensation & Benefits 348,912
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 292,315
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,739
 Cost of Funds 31,060
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 116,666
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