Dec, 31, 2023 — LINCOLN S.D.A. CREDIT UNION is a federally insured state chartered credit union headquartered in LINCOLN, NE with 1 branch location and about $10.06 million in total assets. Opened 59 years ago in 1965, LINCOLN S.D.A. CREDIT UNION has about 1,207 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LINCOLN S.D.A. CREDIT UNION |
|---|---|
| Address: (Main Office) | 4733 Prescott Ave LINCOLN, NE 68506-5456 |
| Phone: | (402) 489-8886 |
| Fax: | (402) 489-9161 |
| Website: | https://www.lincolnsdacu.org |
| Branches: | 1 branch locations |
| Members: | 1,207 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65561 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,061,222 |
| CEO/Manager: | Mike Nelson |
| Chairperson: | Thaddeus Edgerton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 316,026 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,058,969 |
| Unsecured Loans | 1,494,188 |
| Other Loans | 1,391,525 |
| TOTAL LOANS | 4,944,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,611 |
| Land And Building | 0 |
| Other Fixed Assets | 1,206 |
| NCUSIF Deposit | 89,294 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,061,222 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,501 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,186 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 679,247 |
| Regular shares | 5,047,425 |
| All Other Shares & Deposits | 2,569,771 |
| TOTAL SHARES & DEPOSITS | 8,296,443 |
| TOTAL LIABILITIES | 8,313,130 |
| Regular Reserve | 0 |
| Other Reserves | 510,262 |
| Undivided Earnings | 1,237,830 |
| TOTAL EQUITY | 1,748,092 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,061,222 |
| INCOME & EXPENSE | |
| Loan Income | 249,734 |
| Investment Income | 106,564 |
| Other Income | 55,015 |
| Total Employee Compensation & Benefits | 107,075 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 474,022 |
| Non-operating Income & (Expense) | 11,515 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,168 |
| Cost of Funds | 129,823 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -301,260 |
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