Dec, 31, 2023 — KASKASKIA VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in CENTRALIA, IL with 3 branch locations and about $26.65 million in total assets. Opened 42 years ago in 1982, KASKASKIA VALLEY CREDIT UNION has about 3,572 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KASKASKIA VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 401 S Poplar St CENTRALIA, IL 62801 |
| Phone: | (618) 533-6681 |
| Fax: | (618) 533-6601 |
| Website: | https://mykvccu.org |
| Branches: | 3 branch locations |
| Members: | 3,572 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65988 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,651,816 |
| CEO/Manager: | Kimberly G Hocking |
| Chairperson: | Gary L Robinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,179,001 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,025,839 |
| Unsecured Loans | 2,041,857 |
| Other Loans | 13,435,765 |
| TOTAL LOANS | 16,503,460 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,052 |
| Land And Building | 942,962 |
| Other Fixed Assets | 42,378 |
| NCUSIF Deposit | 243,821 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,651,816 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 40 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 314,948 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,057,893 |
| Regular shares | 18,116,231 |
| All Other Shares & Deposits | 726,267 |
| TOTAL SHARES & DEPOSITS | 23,900,391 |
| TOTAL LIABILITIES | 24,215,379 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,436,437 |
| TOTAL EQUITY | 2,436,437 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,651,816 |
| INCOME & EXPENSE | |
| Loan Income | 859,136 |
| Investment Income | 382,881 |
| Other Income | 496,477 |
| Total Employee Compensation & Benefits | 494,174 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 882,296 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,078 |
| Cost of Funds | 20,387 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 319,150 |
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