Dec, 31, 2023 — KONE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 1 branch location and about $19.99 million in total assets. Opened 71 years ago in 1953, KONE EMPLOYEES CREDIT UNION has about 1,792 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: | KONE EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 4502 27th St Ste K MOLINE, IL 61265 |
Phone: | (309) 736-6461 |
Fax: | (309) 757-0037 |
Website: | https://www.konecu.com |
Branches: | 1 branch locations |
Members: | 1,792 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60855 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,990,328 |
CEO/Manager: | Bryce S Kildow |
Chairperson: | Terry Thomasson |
ASSETS: | $ Amount |
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Cash & Equivalents | 161,933 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,226,785 |
Other Loans | 8,175,066 |
TOTAL LOANS | 10,401,852 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,881 |
Land And Building | 0 |
Other Fixed Assets | 10,340 |
NCUSIF Deposit | 188,743 |
All Other Assets | 0 |
TOTAL ASSETS | 19,990,328 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,398 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,480,757 |
Regular shares | 10,209,634 |
All Other Shares & Deposits | 4,239,927 |
TOTAL SHARES & DEPOSITS | 16,930,318 |
TOTAL LIABILITIES | 16,945,716 |
Regular Reserve | 0 |
Other Reserves | 412,401 |
Undivided Earnings | 2,632,211 |
TOTAL EQUITY | 3,044,612 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,990,328 |
INCOME & EXPENSE | |
Loan Income | 576,741 |
Investment Income | 104,313 |
Other Income | 38,060 |
Total Employee Compensation & Benefits | 267,006 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 374,576 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 88,699 |
Cost of Funds | 39,259 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,457 |
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