Dec, 31, 2023 — KANKAKEE FEDERATION OF TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in KANKAKEE, IL with 1 branch location and about $9.56 million in total assets. Opened 68 years ago in 1956, KANKAKEE FEDERATION OF TEACHERS CREDIT UNION has about 1,312 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: | KANKAKEE FEDERATION OF TEACHERS CREDIT UNION |
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Address: (Main Office) | 1200 W Jeffery St KANKAKEE, IL 60901-4667 |
Phone: | (815) 932-0335 |
Fax: | (815) 932-1322 |
Website: | https://www.kftcu.com |
Branches: | 1 branch locations |
Members: | 1,312 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60198 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,558,477 |
CEO/Manager: | Jennifer Conn |
Chairperson: | Marion Jackson, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 496,027 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,171 |
Unsecured Loans | 644,465 |
Other Loans | 7,495,026 |
TOTAL LOANS | 8,144,662 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,419 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 81,798 |
All Other Assets | 0 |
TOTAL ASSETS | 9,558,477 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,209 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,543,507 |
All Other Shares & Deposits | 2,815,936 |
TOTAL SHARES & DEPOSITS | 8,359,443 |
TOTAL LIABILITIES | 8,384,652 |
Regular Reserve | 0 |
Other Reserves | 625,000 |
Undivided Earnings | 548,825 |
TOTAL EQUITY | 1,173,825 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,558,477 |
INCOME & EXPENSE | |
Loan Income | 361,185 |
Investment Income | 35,512 |
Other Income | 12 |
Total Employee Compensation & Benefits | 93,416 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 81,915 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,500 |
Cost of Funds | 142,817 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 22,901 |
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