Dec, 31, 2023 — LEE COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in KEOKUK, IA with 1 branch location and about $3.42 million in total assets. Opened 58 years ago in 1966, LEE COUNTY CREDIT UNION has about 542 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEE COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 123 Boulevard Rd Ste 5 KEOKUK, IA 52632-2300 |
| Phone: | (319) 524-4346 |
| Fax: | (319) 524-3282 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 542 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61393 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,421,089 |
| CEO/Manager: | Kelly R Fett |
| Chairperson: | Mark Rulon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 529,619 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 137,554 |
| Other Loans | 2,525,604 |
| TOTAL LOANS | 2,663,158 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,500 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 29,647 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,421,089 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,163 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,452,082 |
| All Other Shares & Deposits | 45,271 |
| TOTAL SHARES & DEPOSITS | 2,497,353 |
| TOTAL LIABILITIES | 2,499,548 |
| Regular Reserve | 0 |
| Other Reserves | 132,117 |
| Undivided Earnings | 789,424 |
| TOTAL EQUITY | 921,541 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,421,089 |
| INCOME & EXPENSE | |
| Loan Income | 168,678 |
| Investment Income | 40,771 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 87,408 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,497 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,265 |
| Cost of Funds | 8,550 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,677 |
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