Dec, 31, 2023 — LEBANON FEDERAL CREDIT UNION is a federal credit union headquartered in LEBANON, PA with 5 branch locations and about $469.56 million in total assets. Opened 55 years ago in 1969, LEBANON FEDERAL CREDIT UNION has about 33,878 members and employs 90 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LEBANON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 120 S 16th St LEBANON, PA 17042 |
| Phone: | (717) 272-2210 |
| Fax: | (717) 644-9972 |
| Website: | https://lebanonfcu.org |
| Branches: | 5 branch locations |
| Members: | 33,878 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19510 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $469,555,334 |
| CEO/Manager: | Daniel M Wolford |
| Chairperson: | Walter F Rau |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,723,505 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 209,741,570 |
| Unsecured Loans | 25,938,866 |
| Other Loans | 104,199,493 |
| TOTAL LOANS | 339,879,929 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,189,469 |
| Land And Building | 6,770,592 |
| Other Fixed Assets | 1,599,400 |
| NCUSIF Deposit | 4,024,152 |
| All Other Assets | 84,800 |
| TOTAL ASSETS | 469,555,334 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 361,266 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,656,848 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 70,499,851 |
| Regular shares | 149,296,573 |
| All Other Shares & Deposits | 214,396,451 |
| TOTAL SHARES & DEPOSITS | 434,192,875 |
| TOTAL LIABILITIES | 441,210,989 |
| Regular Reserve | 0 |
| Other Reserves | -14,483,742 |
| Undivided Earnings | 42,828,087 |
| TOTAL EQUITY | 28,344,345 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 469,555,334 |
| INCOME & EXPENSE | |
| Loan Income | 17,752,735 |
| Investment Income | 2,383,864 |
| Other Income | 1,817,652 |
| Total Employee Compensation & Benefits | 7,199,774 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,446,207 |
| Non-operating Income & (Expense) | -29,603 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,410,000 |
| Cost of Funds | 5,708,125 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,881,694 |
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