Dec, 31, 2023 — LAN-FAIR FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, OH with 2 branch locations and about $67.12 million in total assets. Opened 58 years ago in 1966, LAN-FAIR FEDERAL CREDIT UNION has about 4,227 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAN-FAIR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 926 Prestige Blvd LANCASTER, OH 43130-9669 |
| Phone: | (740) 654-2886 |
| Fax: | (740) 654-5011 |
| Website: | https://www.lanfairfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,227 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17327 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $67,119,400 |
| CEO/Manager: | LAURIE L THOMAS |
| Chairperson: | DARYL BRICKEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,838,960 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,679,954 |
| Unsecured Loans | 814,522 |
| Other Loans | 2,441,828 |
| TOTAL LOANS | 17,936,302 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -278,178 |
| Land And Building | 302,564 |
| Other Fixed Assets | 50,001 |
| NCUSIF Deposit | 587,258 |
| All Other Assets | 0 |
| TOTAL ASSETS | 67,119,400 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 209,203 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,092,183 |
| Regular shares | 34,924,282 |
| All Other Shares & Deposits | 18,804,723 |
| TOTAL SHARES & DEPOSITS | 59,821,189 |
| TOTAL LIABILITIES | 60,030,392 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,089,008 |
| TOTAL EQUITY | 7,089,008 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 67,119,400 |
| INCOME & EXPENSE | |
| Loan Income | 806,069 |
| Investment Income | 995,369 |
| Other Income | 166,214 |
| Total Employee Compensation & Benefits | 742,084 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 544,493 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 428,038 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 338,993 |
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