Dec, 31, 2023 — LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 1 branch location and about $45.09 million in total assets. Opened 90 years ago in 1934, LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION has about 2,959 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.
Name: | LOUISVILLE GAS AND ELECTRIC COMPANY CREDIT UNION |
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Address: (Main Office) | 820 W Broadway LOUISVILLE, KY 40202 |
Phone: | (502) 627-3140 |
Fax: | (502) 627-4670 |
Website: | https://www.lgecu.org |
Branches: | 1 branch locations |
Members: | 2,959 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61123 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $45,089,724 |
CEO/Manager: | Sharon L Beaven |
Chairperson: | Samantha Stickler |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,140,129 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,562,109 |
Unsecured Loans | 2,044,474 |
Other Loans | 15,933,673 |
TOTAL LOANS | 28,551,948 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,276 |
Land And Building | 0 |
Other Fixed Assets | 22,878 |
NCUSIF Deposit | 370,565 |
All Other Assets | 0 |
TOTAL ASSETS | 45,089,724 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 73 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 290,081 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,688,465 |
Regular shares | 15,184,787 |
All Other Shares & Deposits | 19,018,166 |
TOTAL SHARES & DEPOSITS | 37,891,418 |
TOTAL LIABILITIES | 38,181,572 |
Regular Reserve | 0 |
Other Reserves | 514,475 |
Undivided Earnings | 6,393,677 |
TOTAL EQUITY | 6,908,152 |
TOTAL LIABILITIES, SHARES, & EQUITY | 45,089,724 |
INCOME & EXPENSE | |
Loan Income | 1,220,830 |
Investment Income | 526,434 |
Other Income | 86,654 |
Total Employee Compensation & Benefits | 528,476 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 620,890 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 374 |
Cost of Funds | 543,735 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 328,054 |
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