Dec, 31, 2023 — LINCONE FEDERAL CREDIT UNION is a federal credit union headquartered in LINCOLN, NE with 3 branch locations and about $169.80 million in total assets. Opened 69 years ago in 1955, LINCONE FEDERAL CREDIT UNION has about 17,647 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LINCONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 4638 W St LINCOLN, NE 68503 |
Phone: | (402) 441-3555 |
Fax: | (402) 441-3566 |
Website: | https://www.linconefcu.org |
Branches: | 3 branch locations |
Members: | 17,647 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10585 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $169,802,293 |
CEO/Manager: | Mary G Sailors |
Chairperson: | Roger Peterson |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,051,619 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 24,568,232 |
Unsecured Loans | 7,173,836 |
Other Loans | 54,906,477 |
TOTAL LOANS | 86,648,545 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -409,124 |
Land And Building | 2,960,349 |
Other Fixed Assets | 302,138 |
NCUSIF Deposit | 1,531,891 |
All Other Assets | 0 |
TOTAL ASSETS | 169,802,293 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,505,302 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,514,789 |
Regular shares | 102,235,432 |
All Other Shares & Deposits | 14,892,780 |
TOTAL SHARES & DEPOSITS | 150,643,002 |
TOTAL LIABILITIES | 152,148,304 |
Regular Reserve | 0 |
Other Reserves | 100,000 |
Undivided Earnings | 17,553,989 |
TOTAL EQUITY | 17,653,989 |
TOTAL LIABILITIES, SHARES, & EQUITY | 169,802,293 |
INCOME & EXPENSE | |
Loan Income | 5,299,961 |
Investment Income | 2,755,528 |
Other Income | 1,168,748 |
Total Employee Compensation & Benefits | 3,276,483 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,924,171 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 644,895 |
Cost of Funds | 200,138 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,498,111 |
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