Dec, 31, 2023 — LATVIAN CLEVELAND CREDIT UNION is a federally insured state chartered credit union headquartered in LAKEWOOD, OH with 1 branch location and about $30.39 million in total assets. Opened 64 years ago in 1960, LATVIAN CLEVELAND CREDIT UNION has about 994 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LATVIAN CLEVELAND CREDIT UNION |
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Address: (Main Office) | 1385 Andrews Ave LAKEWOOD, OH 44107-2405 |
Phone: | (216) 228-1996 |
Fax: | (216) 521-8511 |
Website: | https://www.latvianclevelandcu.org |
Branches: | 1 branch locations |
Members: | 994 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62822 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $30,393,363 |
CEO/Manager: | Robert J Junge |
Chairperson: | Andris Celcherts |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,668,670 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,826,549 |
Unsecured Loans | 23,288 |
Other Loans | 1,140,137 |
TOTAL LOANS | 19,989,974 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -163,772 |
Land And Building | 0 |
Other Fixed Assets | 35,844 |
NCUSIF Deposit | 260,173 |
All Other Assets | 0 |
TOTAL ASSETS | 30,393,363 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 44,377 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 23,478 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,573,584 |
Regular shares | 7,340,979 |
All Other Shares & Deposits | 16,032,650 |
TOTAL SHARES & DEPOSITS | 24,947,213 |
TOTAL LIABILITIES | 25,015,068 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,378,295 |
TOTAL EQUITY | 5,378,295 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,393,363 |
INCOME & EXPENSE | |
Loan Income | 732,175 |
Investment Income | 228,151 |
Other Income | 14,105 |
Total Employee Compensation & Benefits | 274,885 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 223,951 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,585 |
Cost of Funds | 319,284 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 157,896 |
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