Dec, 31, 2023 — LOWER COLUMBIA LONGSHOREMEN FEDERAL CREDIT UNION is a federal credit union headquartered in LONGVIEW, WA with 1 branch location and about $91.90 million in total assets. Opened 70 years ago in 1954, LOWER COLUMBIA LONGSHOREMEN FEDERAL CREDIT UNION has about 4,243 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOWER COLUMBIA LONGSHOREMEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 629 14th Ave LONGVIEW, WA 98632-1603 |
| Phone: | (360) 423-2770 |
| Fax: | (360) 577-8120 |
| Website: | https://www.lclfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,243 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9289 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,898,265 |
| CEO/Manager: | Robin J Carns |
| Chairperson: | Mike Wilcox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,622,845 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,049,597 |
| Unsecured Loans | 3,367,613 |
| Other Loans | 18,335,864 |
| TOTAL LOANS | 54,157,670 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,101 |
| Land And Building | 4,226,844 |
| Other Fixed Assets | 409,189 |
| NCUSIF Deposit | 803,218 |
| All Other Assets | 0 |
| TOTAL ASSETS | 91,898,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 592,237 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,928,069 |
| Regular shares | 41,494,515 |
| All Other Shares & Deposits | 29,448,376 |
| TOTAL SHARES & DEPOSITS | 80,870,960 |
| TOTAL LIABILITIES | 81,463,197 |
| Regular Reserve | 0 |
| Other Reserves | 1,914,523 |
| Undivided Earnings | 8,520,545 |
| TOTAL EQUITY | 10,435,068 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,898,265 |
| INCOME & EXPENSE | |
| Loan Income | 2,630,792 |
| Investment Income | 716,845 |
| Other Income | 322,578 |
| Total Employee Compensation & Benefits | 1,513,198 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,523,694 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 238,259 |
| Cost of Funds | 190,838 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 575,280 |
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» See also Statement of Financial Condition