Dec, 31, 2023 — LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION is a federal credit union headquartered in NEW LONDON, CT with 1 branch location and about $34.71 million in total assets. Opened 65 years ago in 1959, LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION has about 2,996 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAWRENCE MEMORIAL HOSPITAL EMPLOYEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 365 Montauk Ave NEW LONDON, CT 06320 |
| Phone: | (860) 444-5104 |
| Fax: | (860) 444-3784 |
| Website: | https://www.lmhospcu.com |
| Branches: | 1 branch locations |
| Members: | 2,996 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13305 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,709,366 |
| CEO/Manager: | Svetlana Atamanuk |
| Chairperson: | Sara L Gaenzle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,266,013 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,274,609 |
| Unsecured Loans | 1,647,414 |
| Other Loans | 5,287,648 |
| TOTAL LOANS | 9,209,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -137,538 |
| Land And Building | 0 |
| Other Fixed Assets | 20,887 |
| NCUSIF Deposit | 293,895 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,709,366 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,866 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,149 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,176,961 |
| Regular shares | 18,331,943 |
| All Other Shares & Deposits | 4,317,358 |
| TOTAL SHARES & DEPOSITS | 27,826,263 |
| TOTAL LIABILITIES | 27,877,278 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,832,088 |
| TOTAL EQUITY | 6,832,088 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,709,366 |
| INCOME & EXPENSE | |
| Loan Income | 434,762 |
| Investment Income | 776,222 |
| Other Income | 129,474 |
| Total Employee Compensation & Benefits | 514,567 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 413,972 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,711 |
| Cost of Funds | 63,410 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 544,711 |
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