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LABOR MANAGEMENT FEDERAL CREDIT UNION

Dec, 31, 2023 — LABOR MANAGEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in LEWISPORT, KY with 1 branch location and about $33.64 million in total assets. Opened 50 years ago in 1974, LABOR MANAGEMENT FEDERAL CREDIT UNION has about 2,754 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 283985829
Name:LABOR MANAGEMENT FEDERAL CREDIT UNION
Address:
(Main Office)
8225 US HIGHWAY 60 W
LEWISPORT, KY 42351-7082
Phone:(270) 295-3422
Fax:(270) 295-3366
Website:https://www.lmfcu.net
Branches:1 branch locations
Members:2,754
Credit Union Type:Federal Credit Union
Charter Number:21853
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1974
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$33,641,437
CEO/Manager:Ashley Walls
Chairperson:Daryl Nottingham

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,956,986
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,799,540
 Unsecured Loans 2,058,450
 Other Loans 13,676,000
 TOTAL LOANS 23,533,990
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,967
 Land And Building 1,770,542
 Other Fixed Assets 0
 NCUSIF Deposit 284,044
 All Other Assets 0
  TOTAL ASSETS 33,641,437
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 27,239
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,488,323
 Regular shares 10,327,995
 All Other Shares & Deposits 14,828,433
  TOTAL SHARES & DEPOSITS 29,644,751
  TOTAL LIABILITIES 29,671,990
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,969,447
  TOTAL EQUITY 3,969,447
  TOTAL LIABILITIES, SHARES, & EQUITY 33,641,437
INCOME & EXPENSE  
 Loan Income 1,122,418
 Investment Income 152,785
 Other Income 95,508
 Total Employee Compensation & Benefits 378,644
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 665,449
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -12,127
 Cost of Funds 355,390
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 102,461
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