Dec, 31, 2023 — LANCASTER RED ROSE CREDIT UNION is a federally insured state chartered credit union headquartered in LEOLA, PA with 4 branch locations and about $55.12 million in total assets. Opened 76 years ago in 1948, LANCASTER RED ROSE CREDIT UNION has about 5,099 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: | LANCASTER RED ROSE CREDIT UNION |
---|---|
Address: (Main Office) | 16 E Main St LEOLA, PA 17540-1936 |
Phone: | (717) 295-6685 |
Fax: | (717) 556-8736 |
Website: | https://www.lrrcu.org |
Branches: | 4 branch locations |
Members: | 5,099 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60113 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $55,123,784 |
CEO/Manager: | Kara E Vincent |
Chairperson: | C Michael Wetzel |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 17,497,727 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,282,519 |
Unsecured Loans | 2,391,756 |
Other Loans | 5,558,609 |
TOTAL LOANS | 15,232,885 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,182,802 |
Land And Building | 1,291,115 |
Other Fixed Assets | 74,203 |
NCUSIF Deposit | 505,841 |
All Other Assets | 0 |
TOTAL ASSETS | 55,123,784 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 284,460 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,983,771 |
Regular shares | 28,859,300 |
All Other Shares & Deposits | 11,614,739 |
TOTAL SHARES & DEPOSITS | 49,457,812 |
TOTAL LIABILITIES | 49,742,272 |
Regular Reserve | 0 |
Other Reserves | -27,601 |
Undivided Earnings | 5,409,113 |
TOTAL EQUITY | 5,381,512 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,123,784 |
INCOME & EXPENSE | |
Loan Income | 741,567 |
Investment Income | 1,485,210 |
Other Income | 204,971 |
Total Employee Compensation & Benefits | 450,131 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 918,519 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,391 |
Cost of Funds | 231,725 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,091,234 |
↑ Back to Top |