Dec, 31, 2023 — KEMBA CREDIT UNION is a federally insured state chartered credit union headquartered in WEST CHESTER, OH with 13 branch locations and about $1.64 billion in total assets. Opened 90 years ago in 1934, KEMBA CREDIT UNION has about 127,991 members and employs 282 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KEMBA CREDIT UNION |
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Address: (Main Office) | 5600 Chappell Crossing Blvd WEST CHESTER, OH 45069 |
Phone: | (513) 762-5070 |
Fax: | |
Website: | https://www.kemba.com |
Branches: | 13 branch locations |
Members: | 127,991 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61810 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,637,750,471 |
CEO/Manager: | Daniel L Sutton |
Chairperson: | Thomas J Thole |
ASSETS: | $ Amount |
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Cash & Equivalents | 33,459,419 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,302,383 |
Real Estate Loans | 731,701,356 |
Unsecured Loans | 71,972,589 |
Other Loans | 625,507,442 |
TOTAL LOANS | 1,442,942,583 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,481,131 |
Land And Building | 53,726,269 |
Other Fixed Assets | 2,910,542 |
NCUSIF Deposit | 12,198,874 |
All Other Assets | 1,332,876 |
TOTAL ASSETS | 1,637,750,471 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 75,383 |
Notes & Interest Payable | 173,000,000 |
Accounts Payable & Other Liabilities | 26,478,287 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 222,132,612 |
Regular shares | 258,594,467 |
All Other Shares & Deposits | 785,752,630 |
TOTAL SHARES & DEPOSITS | 1,266,479,710 |
TOTAL LIABILITIES | 1,466,033,380 |
Regular Reserve | 0 |
Other Reserves | -3,741,185 |
Undivided Earnings | 175,458,276 |
TOTAL EQUITY | 171,717,091 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,637,750,471 |
INCOME & EXPENSE | |
Loan Income | 64,197,123 |
Investment Income | 3,605,721 |
Other Income | 5,843,173 |
Total Employee Compensation & Benefits | 22,388,507 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,281,327 |
Non-operating Income & (Expense) | -12,762 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,418,357 |
Cost of Funds | 32,117,745 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,624,949 |
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