Dec, 31, 2023 — LCO FEDERAL CREDIT UNION is a federal credit union headquartered in HAYWARD, WI with 1 branch location and about $2.57 million in total assets. Opened 23 years ago in 2001, LCO FEDERAL CREDIT UNION has about 1,263 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 13829 W County Road B HAYWARD, WI 54843 |
| Phone: | (715) 634-7772 |
| Fax: | (715) 634-7780 |
| Website: | https://www.lcofcu.com |
| Branches: | 1 branch locations |
| Members: | 1,263 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24648 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 2001 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,571,280 |
| CEO/Manager: | Joy Taylor |
| Chairperson: | Richard J Denomie, Sr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,109,550 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 333,407 |
| Other Loans | 384,287 |
| TOTAL LOANS | 717,694 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,118 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 22,286 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,571,280 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 180 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,256 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 100,000 |
| Share Drafts | 243,193 |
| Regular shares | 2,015,409 |
| All Other Shares & Deposits | 30,776 |
| TOTAL SHARES & DEPOSITS | 2,289,378 |
| TOTAL LIABILITIES | 2,392,814 |
| Regular Reserve | 0 |
| Other Reserves | 12,490 |
| Undivided Earnings | 165,976 |
| TOTAL EQUITY | 178,466 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,571,280 |
| INCOME & EXPENSE | |
| Loan Income | 91,976 |
| Investment Income | 35,930 |
| Other Income | 39,039 |
| Total Employee Compensation & Benefits | 62,653 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 113,261 |
| Non-operating Income & (Expense) | 168,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 358 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 160,098 |
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