Dec, 31, 2023 — LOVERS LANE CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT JOSEPH, MO with 1 branch location and about $7.96 million in total assets. Opened 68 years ago in 1956, LOVERS LANE CREDIT UNION has about 1,022 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOVERS LANE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1502 S Belt Hwy Ste A SAINT JOSEPH, MO 64507-2203 |
| Phone: | (816) 364-4000 |
| Fax: | (816) 364-4141 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,022 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64208 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,959,132 |
| CEO/Manager: | R. A Robbins |
| Chairperson: | William A Eddins, Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 761,675 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 938,923 |
| Other Loans | 6,162,494 |
| TOTAL LOANS | 7,101,417 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,305 |
| Land And Building | 0 |
| Other Fixed Assets | 4,912 |
| NCUSIF Deposit | 76,506 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,959,132 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 81,085 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,502 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 806,530 |
| All Other Shares & Deposits | 5,944,739 |
| TOTAL SHARES & DEPOSITS | 6,751,270 |
| TOTAL LIABILITIES | 6,847,857 |
| Regular Reserve | 0 |
| Other Reserves | 99,112 |
| Undivided Earnings | 1,012,163 |
| TOTAL EQUITY | 1,111,275 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,959,132 |
| INCOME & EXPENSE | |
| Loan Income | 493,880 |
| Investment Income | 10,098 |
| Other Income | 660 |
| Total Employee Compensation & Benefits | 141,282 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 88,038 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,300 |
| Cost of Funds | 173,296 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,631 |
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