Overview:
Lithuanian Central Credit Union (LCCU) supports the credit unions in Lithuania.

Description:
The Lithuanian Central Credit Union (LCCU) is a credit institution organized on a cooperative basis. The LCCU functions on the basis of share capital and supports the liquidity and restoration of solvency of credit unions, accepts deposits and other repayable funds, disburses loans, and assumes related risk and responsibility.

Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/lccu

Organization’s Website:
http://www.lku.lt/en/lithuanian-central-credit-union.html

Just the Facts:
Country of Incorporation: Lithuania
Year Founded: 2002
Legal Status: Apex Credit Union
Fund Assets (as of day/month/year): LTL 48 million (USD 19.6 million as of 31/December/2005)
Fund Assets allocated to MFI investment (as of day/month/year): LTL 16.4 million (USD 6.7 million as of 31/December/2005)
Area of Operation: Lithuania
Participant(s)/Backer(s)/Investor(s): Government of the Republic of Lithuania
Instruments: Loans and Debt Securities, Technical Assistance
Investment Horizon: 3 years
Fund Currency: LTL

Contact Information:
Lithuanian Central Credit Union
Savanori? pr. 363 – 211,
LT- 49425, Kaunas
Phone: +370 37 200 584
fax: +370 37 200 454

——————————————————————————–

Additional Resources:
Latest news from LCCU
http://www.lku.lt/en/news.html

Link to Microcapital Universe wiki
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Lithuanian+Central+Credit+Union+%28LCCU%29

Authored by Kenny Kline, Research Associate