Lassen County Federal Credit Union
Overview / Commentary
Lassen County Federal Credit Union is headquartered in Susanville and is the 162nd largest credit union in the state of California. It is also the 1,808th largest credit union in the nation. It was established in 1966 and as of December of 2019, it had grown to 15 employees and 4,746 members at 1 location. Lassen County Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership to Lassen County Federal Credit Union is open to those who live, work, or worship in Lassen County, California. Immediate family members of current Credit Union members also qualify.
See current membership details
Related Posts
View all posts from:
Health
A+
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Lassen County Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 17232 |
| Year Chartered | 1966 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.27% |
| Return on Equity - YTD | 1.72% |
| Annual Interest Income | $2.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $82.9MM$80.0MM |
| Loans | Q4 2019vs Q4 2018 | $44.0MM$41.5MM |
| Deposits | Q4 2019vs Q4 2018 | $69.5MM$67.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $12.9MM$12.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $109.00K$140.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $0$23.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |