Dec, 31, 2023 — LAKESIDE EMPLS. CREDIT UNION is a federally insured state chartered credit union headquartered in NEW JOHNSONVILLE, TN with 2 branch locations and about $39.95 million in total assets. Opened 59 years ago in 1965, LAKESIDE EMPLS. CREDIT UNION has about 2,527 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LAKESIDE EMPLS. CREDIT UNION |
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Address: (Main Office) | 1008 Broadway Ave NEW JOHNSONVILLE, TN 37134 |
Phone: | (931) 535-3750 |
Fax: | (931) 535-3601 |
Website: | https://lcu.coop |
Branches: | 2 branch locations |
Members: | 2,527 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67713 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,950,891 |
CEO/Manager: | Karen D Scott |
Chairperson: | James I McKay |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,614,500 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 779,295 |
Unsecured Loans | 1,830,990 |
Other Loans | 18,007,383 |
TOTAL LOANS | 20,617,668 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -218,119 |
Land And Building | 251,345 |
Other Fixed Assets | 59,136 |
NCUSIF Deposit | 343,812 |
All Other Assets | 0 |
TOTAL ASSETS | 39,950,891 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 135 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 104,599 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,698,883 |
Regular shares | 13,199,343 |
All Other Shares & Deposits | 10,864,778 |
TOTAL SHARES & DEPOSITS | 33,763,003 |
TOTAL LIABILITIES | 33,867,737 |
Regular Reserve | 0 |
Other Reserves | 808,491 |
Undivided Earnings | 5,274,663 |
TOTAL EQUITY | 6,083,154 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,950,891 |
INCOME & EXPENSE | |
Loan Income | 1,033,461 |
Investment Income | 423,712 |
Other Income | 134,868 |
Total Employee Compensation & Benefits | 563,474 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 503,295 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,000 |
Cost of Funds | 177,745 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 305,574 |
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