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KONE EMPLOYEES CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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