LAKE COMMUNITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.lakecomfcu.org for more information.
Dec, 31, 2023 — LAKE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in HARTVILLE, OH with 2 branch locations and about $29.23 million in total assets. Opened 61 years ago in 1963, LAKE COMMUNITY FEDERAL CREDIT UNION has about 3,347 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAKE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 457 HARTVILLE, OH 44632 |
| Phone: | (330) 877-4370 |
| Fax: | (330) 877-1081 |
| Website: | https://www.lakecomfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,347 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15942 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,230,981 |
| CEO/Manager: | Renee A Rose |
| Chairperson: | Chris Dickens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,913,872 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,547,642 |
| Unsecured Loans | 435,129 |
| Other Loans | 12,539,153 |
| TOTAL LOANS | 16,550,549 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,601 |
| Land And Building | 122,489 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 278,428 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,230,981 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 635,886 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,763,542 |
| Regular shares | 21,391,802 |
| All Other Shares & Deposits | 1,582,037 |
| TOTAL SHARES & DEPOSITS | 27,737,381 |
| TOTAL LIABILITIES | 28,373,275 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 857,706 |
| TOTAL EQUITY | 857,706 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,230,981 |
| INCOME & EXPENSE | |
| Loan Income | 510,317 |
| Investment Income | 68,772 |
| Other Income | 119,691 |
| Total Employee Compensation & Benefits | 576,343 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,260,948 |
| Non-operating Income & (Expense) | 945 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,467 |
| Cost of Funds | 4,145 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,057,015 |
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