2023-05-08T15:56:27-07:00 2022-12-31 990 2022-01-01 630371534 L & N EMPLOYEES CREDIT UNION L&NE 2058412544 4101 Vanderbilt Road Birmingham AL 35217 Michelle Cooper President 2058412544 2023-05-08 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z X Michelle Cooper 4101 Vanderbilt Road Birmingham AL 35217 561023 0 X www.mylncu.com X 1952 AL To promote and provide a source of credit at legitimate and attractive interest rates to CSX Railroad employees, City of Tarrant employees, their families, and all members. 5 5 4 5 0 0 0 0 504151 515655 9571 45368 0 0 513722 561023 0 0 0 0 260485 285831 0 0 0 325612 336824 586097 622655 -72375 -61632 9696088 9744761 7795094 7905399 1900994 1839362 To promote principles of the credit union. To be the primary financial institution of our members. Provide quality financial services that exceeds our member expectation. To maintain stable and viable growth while expanding membership and requested services. 0 0 Ongoing assessment of the financial industry, adjusting rates on savings instruments, lending vehicles, and additional services to achieve maximum benefit to the membership, while continuing to maintain capital. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 1 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X Michelle Cooper 2058412544 4101 Vanderbilt Road Birmingham AL 35217 Michelle Cooper Manager/President 45 0 X 79368 0 0 David Honeycutt Director 1 0 X X 0 0 0 Earnest Long Sr Chairman 1 0 X X 0 0 0 Ralph Sullins Secretary 1 0 X X 0 0 0 John Pate Treasurer 1 0 X X 0 0 0 Dwight Miller Vice Chair 1 0 X X 0 0 0 79368 0 0 0 0 0 0 0 0 Loan Interest Income 522130 391674 391674 0 0 123981 123981 0 0 515655 45368 45368 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 561023 561023 0 0 0 0 0 0 0 0 0 0 79368 0 79368 0 0 0 0 0 128743 0 128743 0 43870 0 43870 0 18942 0 18942 14908 0 14908 0 0 0 0 5778 0 5778 0 19662 0 19662 0 0 0 0 0 0 0 0 0 0 0 29641 0 29641 0 1737 0 1737 0 115379 0 115379 0 41415 0 41415 0 0 0 0 0 52934 0 52934 0 0 0 0 0 0 0 0 0 4400 0 4400 0 22153 0 22153 0 0 0 0 0 14429 0 14429 0 19418 0 19418 0 Free Member Checks Expense 885 0 885 0 8993 0 8993 0 622655 0 622655 0 203899 200071 3518322 3587549 0 0 5719323 5715771 0 0 0 0 0 0 0 0 53858 32818 133842 0 92217 133842 0 0 0 0 0 0 0 0 108469 74710 9696088 9744761 7795094 7905399 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7795094 7905399 X 0 0 0 0 1900994 1839362 1900994 1839362 9696088 9744761 -61632 0 0 0 0 0 X 0 1 X 1 0 37077 0 37077 59295 0 0 59295 0 0 0 0 37470 0 0 37470 0 0 0 0 133842 Schedule D, Part VI, Line 1a Property the credit union is on. Schedule D, Part VI, Line 1b Credit Union building. Schedule D, Part VI, Line 1d Furniture and equipment that is used in the credit union for conducting business. Form 990, Part VI, Section A, Line 6 L & N Employees Credit Union is owned by its members. Form 990, Part VI, Section A, Line 7a The Board of Directors are elected annually by the membership of the credit union at our February Annual Meeting of the membership. Form 990, Part VI, Section A, Line 7b If for any reason outlined in the Bylaws of the credit union the governing body should declare a position open on the board or a committee vacant, it must be approved by a majority of the board. A special meeting must be called of the membership to approve the decision also. Bylaw changes must be approved by the Alabama Credit Union Administration. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed and approved by the Board of Directors at the board meeting prior to being submitted and filed. Form 990, Part VI, Section B, Line 12c All volunteers and employees fill out and sign annual conflict of interest disclosures. This is done annually and is reviewed by the Board of Directors. If there are any conflicts, they are addressed at this time. Form 990, Part VI, Section B, Line 15 Senior management employees are reviewed by the Board of Directors. Raises to senior management employees are voted on by the Board of Directors. Reviews for senior management are performed annually in a board meeting. Form 990, Part VI, Section C, Line 19 All documents are maintained at the credit union and are made available upon request.