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National Credit Union Service Organization

AMERICAN LAKE CREDIT UNION

Dec, 31, 2021 — AMERICAN LAKE CREDIT UNION is a federally insured state chartered credit union headquartered in LAKEWOOD, WA with 4 branch locations and about $72.32 million in total assets. Opened 74 years ago in 1948, AMERICAN LAKE CREDIT UNION has about 5,419 members and employs 19 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)
9802 Gravelly Lake Dr SW
LAKEWOOD, WA 98499-1704
Phone:(253) 584-0079
Fax:(253) 581-5035
Website:http://www.americanlake.org
Branches:4 branch locations
Members:5,419
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$72,320,270
CEO/Manager:Kolin C McMann
Chairperson:William Disbrow

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,735,011
TOTAL INVESTMENTS 25,043,460
Loans Held for Sale 0
 
 Real Estate Loans 2,286,200
 Unsecured Loans 2,687,320
 Other Loans 28,873,057
 TOTAL LOANS 33,846,577
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -232,324
 Land And Building 2,195,560
 Other Fixed Assets 187,794
 NCUSIF Deposit 591,679
 All Other Assets 1,952,513
  TOTAL ASSETS 72,320,270
LIABILITIES & CAPITAL:  
 Dividends Payable 356
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 628,646
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,424,269
 Regular shares 27,562,811
 All Other Shares & Deposits 22,237,546
  TOTAL SHARES & DEPOSITS 62,224,626
  TOTAL LIABILITIES 62,853,628
 Regular Reserve 1,500,000
 Other Reserves 3,540,000
 Undivided Earnings 4,426,642
  TOTAL EQUITY 9,466,642
  TOTAL LIABILITIES, SHARES, & EQUITY 72,320,270
INCOME & EXPENSE  
 Loan Income 1,656,113
 Investment Income 312,084
 Other Income 259,695
 Total Employee Compensation & Benefits 1,322,196
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,150,690
 Non-operating Income & (Expense) 2,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -3,334
 Cost of Funds 112,592
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 258,000
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