Dec, 31, 2023 — KENOWA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMING, MI with 1 branch location and about $29.04 million in total assets. Opened 72 years ago in 1952, KENOWA COMMUNITY FEDERAL CREDIT UNION has about 2,592 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KENOWA COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1905 28th Street St SW WYOMING, MI 49519-2507 |
Phone: | (616) 534-3307 |
Fax: | (616) 534-9811 |
Website: | https://www.kenowacu.com |
Branches: | 1 branch locations |
Members: | 2,592 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8119 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,040,252 |
CEO/Manager: | Kathy R Meekhof |
Chairperson: | Jerry Payne |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,661,128 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,812,257 |
Unsecured Loans | 1,564,420 |
Other Loans | 13,626,971 |
TOTAL LOANS | 22,003,648 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -166,522 |
Land And Building | 142,642 |
Other Fixed Assets | 27,093 |
NCUSIF Deposit | 259,205 |
All Other Assets | 0 |
TOTAL ASSETS | 29,040,252 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 41,633 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,357,253 |
Regular shares | 13,355,288 |
All Other Shares & Deposits | 6,446,803 |
TOTAL SHARES & DEPOSITS | 25,159,344 |
TOTAL LIABILITIES | 25,200,977 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,839,275 |
TOTAL EQUITY | 3,839,275 |
TOTAL LIABILITIES, SHARES, & EQUITY | 29,040,252 |
INCOME & EXPENSE | |
Loan Income | 915,721 |
Investment Income | 339,003 |
Other Income | 235,378 |
Total Employee Compensation & Benefits | 493,253 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 599,168 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,348 |
Cost of Funds | 33,812 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 302,871 |
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