Dec, 31, 2023 — C-PLANT FEDERAL CREDIT UNION is a federal credit union headquartered in PADUCAH, KY with 9 branch locations and about $282.04 million in total assets. Opened 73 years ago in 1951, C-PLANT FEDERAL CREDIT UNION has about 16,364 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | C-PLANT FEDERAL CREDIT UNION |
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Address: (Main Office) | 118 Bleich Rd PADUCAH, KY 42003-8703 |
Phone: | (270) 554-0287 |
Fax: | (270) 534-9164 |
Website: | https://www.cplant.com |
Branches: | 9 branch locations |
Members: | 16,364 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7524 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $282,038,568 |
CEO/Manager: | Paul E Adams |
Chairperson: | Sean C Anderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,154,698 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 38,378,000 |
Unsecured Loans | 3,267,700 |
Other Loans | 94,644,740 |
TOTAL LOANS | 136,290,441 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -503,559 |
Land And Building | 4,629,776 |
Other Fixed Assets | 477,358 |
NCUSIF Deposit | 2,164,131 |
All Other Assets | 21,866 |
TOTAL ASSETS | 282,038,568 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,333,555 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 58,478,920 |
Regular shares | 104,520,663 |
All Other Shares & Deposits | 74,413,284 |
TOTAL SHARES & DEPOSITS | 237,412,867 |
TOTAL LIABILITIES | 239,746,422 |
Regular Reserve | 0 |
Other Reserves | -424,599 |
Undivided Earnings | 42,716,745 |
TOTAL EQUITY | 42,292,146 |
TOTAL LIABILITIES, SHARES, & EQUITY | 282,038,568 |
INCOME & EXPENSE | |
Loan Income | 6,823,100 |
Investment Income | 3,398,966 |
Other Income | 2,042,246 |
Total Employee Compensation & Benefits | 3,933,893 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,156,165 |
Non-operating Income & (Expense) | 23,900 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 109,000 |
Cost of Funds | 2,033,866 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,414,446 |
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