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KENNAFORD FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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