Dec, 31, 2023 — K G C FEDERAL CREDIT UNION is a federal credit union headquartered in KNOX, PA with 1 branch location and about $9.39 million in total assets. Opened 64 years ago in 1960, K G C FEDERAL CREDIT UNION has about 1,721 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | K G C FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 778 BEATTY AVE KNOX, PA 16232 |
| Phone: | (814) 797-5768 |
| Fax: | (814) 797-2544 |
| Website: | https://kgcfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,721 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13802 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,386,988 |
| CEO/Manager: | Lisa Renfrew |
| Chairperson: | Justin Forsythe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,740,666 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,037,511 |
| Other Loans | 3,579,106 |
| TOTAL LOANS | 4,616,617 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -138,775 |
| Land And Building | 31,166 |
| Other Fixed Assets | 9,827 |
| NCUSIF Deposit | 87,780 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,386,988 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 45,501 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,887,170 |
| Regular shares | 5,574,955 |
| All Other Shares & Deposits | 41,911 |
| TOTAL SHARES & DEPOSITS | 8,504,036 |
| TOTAL LIABILITIES | 8,549,537 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 837,451 |
| TOTAL EQUITY | 837,451 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,386,988 |
| INCOME & EXPENSE | |
| Loan Income | 332,135 |
| Investment Income | 114,088 |
| Other Income | 103,960 |
| Total Employee Compensation & Benefits | 70,381 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 196,935 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,878 |
| Cost of Funds | 3,144 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 254,834 |
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