Dec, 31, 2023 — LATAH CREDIT UNION is a non-federally insured state credit union headquartered in MOSCOW, ID with 4 branch locations and about $154.31 million in total assets. Opened 55 years ago in 1969, LATAH CREDIT UNION has about 7,788 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LATAH CREDIT UNION |
|---|---|
| Address: (Main Office) | 912 S Washington St MOSCOW, ID 83843-3150 |
| Phone: | (208) 882-0232 |
| Fax: | (208) 882-3250 |
| Website: | https://www.latahcu.coop |
| Branches: | 4 branch locations |
| Members: | 7,788 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97102 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $154,307,576 |
| CEO/Manager: | Erika Odenborg |
| Chairperson: | Chance Chacone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,563,414 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,113,112 |
| Unsecured Loans | 2,931,237 |
| Other Loans | 27,786,903 |
| TOTAL LOANS | 85,511,269 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,075,009 |
| Land And Building | 4,105,241 |
| Other Fixed Assets | 397,382 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 154,307,576 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 218,862 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,349,136 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,222,599 |
| Regular shares | 90,977,222 |
| All Other Shares & Deposits | 18,992,660 |
| TOTAL SHARES & DEPOSITS | 142,192,480 |
| TOTAL LIABILITIES | 143,760,478 |
| Regular Reserve | 0 |
| Other Reserves | -1,869,668 |
| Undivided Earnings | 12,416,766 |
| TOTAL EQUITY | 10,547,098 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 154,307,576 |
| INCOME & EXPENSE | |
| Loan Income | 3,721,719 |
| Investment Income | 2,009,187 |
| Other Income | 295,013 |
| Total Employee Compensation & Benefits | 1,456,400 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,150,999 |
| Non-operating Income & (Expense) | 13,063 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,311 |
| Cost of Funds | 930,939 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,041,584 |
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