Mar, 31, 2022 — L & N FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 20 branch locations and about $1.92 billion in total assets. Opened 68 years ago in 1954, L & N FEDERAL CREDIT UNION has about 106,109 members and employs 277 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | L & N FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9115 Smyrna Pkwy LOUISVILLE, KY 40229-1578 |
| Phone: | (502) 368-5858 |
| Fax: | (502) 515-8390 |
| Website: | http://www.lnfcu.com |
| Branches: | 20 branch locations |
| Members: | 106,109 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9260 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,922,395,011 |
| CEO/Manager: | Christopher S Brown |
| Chairperson: | Claude Simpson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 321,790,531 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,146,918,975 |
| Unsecured Loans | 20,331,927 |
| Other Loans | 82,475,120 |
| TOTAL LOANS | 1,249,937,627 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,654,283 |
| Land And Building | 42,870,746 |
| Other Fixed Assets | 5,602,873 |
| NCUSIF Deposit | 14,149,056 |
| All Other Assets | 124,814 |
| TOTAL ASSETS | 1,922,395,011 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,478,320 |
| Notes & Interest Payable | 69,967,907 |
| Accounts Payable & Other Liabilities | 16,695,961 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 294,805,551 |
| Regular shares | 593,343,646 |
| All Other Shares & Deposits | 751,664,677 |
| TOTAL SHARES & DEPOSITS | 1,639,813,874 |
| TOTAL LIABILITIES | 1,727,956,062 |
| Regular Reserve | 0 |
| Other Reserves | 13,571,141 |
| Undivided Earnings | 180,867,808 |
| TOTAL EQUITY | 194,438,949 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,922,395,011 |
| INCOME & EXPENSE | |
| Loan Income | 12,000,789 |
| Investment Income | 1,226,372 |
| Other Income | 2,473,160 |
| Total Employee Compensation & Benefits | 6,288,091 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,037,226 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,000 |
| Cost of Funds | 2,353,601 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,658,898 |
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