Dec, 31, 2023 — GREATER KENTUCKY CREDIT UNION is a federally insured state chartered credit union headquartered in LEXINGTON, KY with 2 branch locations and about $94.80 million in total assets. Opened 71 years ago in 1953, GREATER KENTUCKY CREDIT UNION has about 9,954 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER KENTUCKY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 RED MILE RD LEXINGTON, KY 40504-2650 |
| Phone: | (859) 231-9300 |
| Fax: | (859) 252-3975 |
| Website: | https://www.gtkycu.com |
| Branches: | 2 branch locations |
| Members: | 9,954 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62228 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $94,799,663 |
| CEO/Manager: | DEBBIE PYLE |
| Chairperson: | KENNETH HADLEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,310,888 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,709,199 |
| Unsecured Loans | 1,759,803 |
| Other Loans | 59,814,735 |
| TOTAL LOANS | 72,402,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -558,074 |
| Land And Building | 698,703 |
| Other Fixed Assets | 81,595 |
| NCUSIF Deposit | 755,516 |
| All Other Assets | 94,772 |
| TOTAL ASSETS | 94,799,663 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,415 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 622,284 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,026,506 |
| Regular shares | 16,130,165 |
| All Other Shares & Deposits | 53,138,472 |
| TOTAL SHARES & DEPOSITS | 81,295,143 |
| TOTAL LIABILITIES | 84,919,842 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,879,821 |
| TOTAL EQUITY | 9,879,821 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 94,799,663 |
| INCOME & EXPENSE | |
| Loan Income | 3,593,139 |
| Investment Income | 786,071 |
| Other Income | 622,532 |
| Total Employee Compensation & Benefits | 1,806,581 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,971,520 |
| Non-operating Income & (Expense) | 3,573 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 595,643 |
| Cost of Funds | 1,423,856 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 530,286 |
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