Dec, 31, 2023 — KENNAFORD FEDERAL CREDIT UNION is a federal credit union headquartered in BEDFORD, PA with 1 branch location and about $5.06 million in total assets. Opened 65 years ago in 1959, KENNAFORD FEDERAL CREDIT UNION has about 797 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KENNAFORD FEDERAL CREDIT UNION |
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Address: (Main Office) | 442 Chalybeate Rd BEDFORD, PA 15522 |
Phone: | (814) 297-4225 |
Fax: | (814) 623-4790 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 797 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12900 |
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Membership Type: | Manufacturing - Primary and Fabricated Metals |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,058,514 |
CEO/Manager: | Christine G Imler |
Chairperson: | Cindi R Feather |
ASSETS: | $ Amount |
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Cash & Equivalents | 147,381 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 542,669 |
Other Loans | 1,962,740 |
TOTAL LOANS | 2,505,409 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,106 |
Land And Building | 0 |
Other Fixed Assets | 2 |
NCUSIF Deposit | 44,292 |
All Other Assets | 0 |
TOTAL ASSETS | 5,058,514 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 265,000 |
Accounts Payable & Other Liabilities | 11,589 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,502,447 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,502,447 |
TOTAL LIABILITIES | 3,779,036 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,279,478 |
TOTAL EQUITY | 1,279,478 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,058,514 |
INCOME & EXPENSE | |
Loan Income | 103,827 |
Investment Income | 35,765 |
Other Income | 3 |
Total Employee Compensation & Benefits | 77,933 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 58,133 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 850 |
Cost of Funds | 31,205 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -27,332 |
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