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 |
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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 |
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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--- |
ASSETS: | $ Amount |
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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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