Dec, 31, 2023 — LUFKIN FEDERAL CREDIT UNION is a federal credit union headquartered in LUFKIN, TX with 1 branch location and about $44.81 million in total assets. Opened 60 years ago in 1964, LUFKIN FEDERAL CREDIT UNION has about 4,864 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: | LUFKIN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 204 Gobblers Knob Rd LUFKIN, TX 75904 |
| Phone: | (936) 632-4397 |
| Fax: | (936) 632-3044 |
| Website: | https://www.lufkinfcu.com |
| Branches: | 1 branch locations |
| Members: | 4,864 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16351 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,808,749 |
| CEO/Manager: | Julianne C Slusher |
| Chairperson: | Larry D Kendrick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,308,343 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,387,008 |
| Unsecured Loans | 1,782,520 |
| Other Loans | 13,897,249 |
| TOTAL LOANS | 17,941,469 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,984 |
| Land And Building | 879,340 |
| Other Fixed Assets | 15,144 |
| NCUSIF Deposit | 340,450 |
| All Other Assets | 0 |
| TOTAL ASSETS | 44,808,749 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,367 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 626,929 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,311,969 |
| Regular shares | 22,419,883 |
| All Other Shares & Deposits | 6,507,745 |
| TOTAL SHARES & DEPOSITS | 34,239,597 |
| TOTAL LIABILITIES | 34,867,893 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,940,856 |
| TOTAL EQUITY | 9,940,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,808,749 |
| INCOME & EXPENSE | |
| Loan Income | 1,023,972 |
| Investment Income | 779,711 |
| Other Income | 326,627 |
| Total Employee Compensation & Benefits | 622,356 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 929,106 |
| Non-operating Income & (Expense) | -73 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,000 |
| Cost of Funds | 170,632 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 767,815 |
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