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LUFTHANSA EMP. FEDERAL CREDIT UNION

Dec, 31, 2023 — LUFTHANSA EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in EAST MEADOW, NY with 1 branch location and about $103.07 million in total assets. Opened 54 years ago in 1970, LUFTHANSA EMP. FEDERAL CREDIT UNION has about 1,609 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LUFTHANSA EMP. FEDERAL CREDIT UNION
Address:
(Main Office)
1900 HEMPSTEAD TPKE STE 408
EAST MEADOW, NY 11554
Phone:(516) 916-5350
Fax:(516) 916-5351
Website:https://www.lhcu.com
Branches:1 branch locations
Members:1,609
Credit Union Type:Federal Credit Union
Charter Number:20341
Membership Type:Service - Transportation
Corporate Credit Union:No
Year Opened:1970
Last Audited:Apr 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$103,072,680
CEO/Manager:J. Herz---
Chairperson:F. Ort---

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,978,719
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,482,457
 Unsecured Loans 448,421
 Other Loans 576,668
 TOTAL LOANS 5,507,546
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -201,918
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 664,315
 All Other Assets 0
  TOTAL ASSETS 103,072,680
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 346,389
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,369,193
 All Other Shares & Deposits 84,427,189
  TOTAL SHARES & DEPOSITS 86,796,383
  TOTAL LIABILITIES 87,142,772
 Regular Reserve 0
 Other Reserves 14,944,054
 Undivided Earnings 985,854
  TOTAL EQUITY 15,929,908
  TOTAL LIABILITIES, SHARES, & EQUITY 103,072,680
INCOME & EXPENSE  
 Loan Income 304,413
 Investment Income 2,536,170
 Other Income 25,702
 Total Employee Compensation & Benefits 276,260
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 155,876
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,321
 Cost of Funds 2,240,667
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 266,770
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