Dec, 31, 2022 — LATINO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in DURHAM, NC with 15 branch locations and about $883.38 million in total assets. Opened 23 years ago in 2000, LATINO COMMUNITY CREDIT UNION has about 118,087 members and employs 192 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LATINO COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 W Morgan St DURHAM, NC 27701-3315 |
| Phone: | (919) 688-9270 |
| Fax: | (919) 688-9309 |
| Website: | https://www.latinoccu.org |
| Branches: | 15 branch locations |
| Members: | 118,087 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68430 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 2000 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $883,383,015 |
| CEO/Manager: | Luis Pastor |
| Chairperson: | David Brehmer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,608,135 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 451,523,285 |
| Unsecured Loans | 15,920,974 |
| Other Loans | 235,738,114 |
| TOTAL LOANS | 703,182,373 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,261,153 |
| Land And Building | 17,696,598 |
| Other Fixed Assets | 1,733,002 |
| NCUSIF Deposit | 5,514,708 |
| All Other Assets | 370,829 |
| TOTAL ASSETS | 883,383,015 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 167,421 |
| Notes & Interest Payable | 26,300,000 |
| Accounts Payable & Other Liabilities | 5,111,103 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 100,736,000 |
| Share Drafts | 70,858,210 |
| Regular shares | 103,345,397 |
| All Other Shares & Deposits | 474,685,073 |
| TOTAL SHARES & DEPOSITS | 648,888,680 |
| TOTAL LIABILITIES | 781,203,204 |
| Regular Reserve | 0 |
| Other Reserves | 1,350,000 |
| Undivided Earnings | 100,829,811 |
| TOTAL EQUITY | 102,179,811 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 883,383,015 |
| INCOME & EXPENSE | |
| Loan Income | 32,812,713 |
| Investment Income | 893,065 |
| Other Income | 2,850,814 |
| Total Employee Compensation & Benefits | 8,614,736 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,449,745 |
| Non-operating Income & (Expense) | 604,528 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,280,000 |
| Cost of Funds | 4,315,789 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,325,395 |
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