Dec, 31, 2023 — KINGS FEDERAL CREDIT UNION is a federal credit union headquartered in HANFORD, CA with 1 branch location and about $154.40 million in total assets. Opened 69 years ago in 1955, KINGS FEDERAL CREDIT UNION has about 9,450 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KINGS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1415 W Lacey Blvd HANFORD, CA 93230 |
| Phone: | (559) 582-4438 |
| Fax: | (559) 582-3236 |
| Website: | https://kingsfcu.com |
| Branches: | 1 branch locations |
| Members: | 9,450 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10395 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $154,398,082 |
| CEO/Manager: | Francine Kocina |
| Chairperson: | Curt Rowe (Retired) |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,872,220 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,720,193 |
| Unsecured Loans | 3,345,116 |
| Other Loans | 67,362,256 |
| TOTAL LOANS | 83,427,565 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -813,127 |
| Land And Building | 909,419 |
| Other Fixed Assets | 227,309 |
| NCUSIF Deposit | 1,264,485 |
| All Other Assets | 43,410 |
| TOTAL ASSETS | 154,398,082 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,455,796 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,283,920 |
| Regular shares | 59,986,104 |
| All Other Shares & Deposits | 50,667,126 |
| TOTAL SHARES & DEPOSITS | 134,937,150 |
| TOTAL LIABILITIES | 136,392,946 |
| Regular Reserve | 0 |
| Other Reserves | -3,931,385 |
| Undivided Earnings | 21,936,521 |
| TOTAL EQUITY | 18,005,136 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 154,398,082 |
| INCOME & EXPENSE | |
| Loan Income | 3,677,596 |
| Investment Income | 1,431,253 |
| Other Income | 451,745 |
| Total Employee Compensation & Benefits | 1,655,479 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,127,690 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 326,199 |
| Cost of Funds | 872,773 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,019,798 |
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