Dec, 31, 2023 — KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in KNOXVILLE, TN with 1 branch location and about $38.08 million in total assets. Opened 67 years ago in 1957, KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION has about 1,776 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: | KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 E Summit Hill Dr KNOXVILLE, TN 37915-1030 |
| Phone: | (865) 522-3900 |
| Fax: | (865) 637-4897 |
| Website: | https://www.klefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,776 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11533 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,083,345 |
| CEO/Manager: | Audrey Skeen |
| Chairperson: | Monty Houk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,160,014 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,100,850 |
| Unsecured Loans | 606,296 |
| Other Loans | 18,188,404 |
| TOTAL LOANS | 23,895,551 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,461 |
| Land And Building | 603,795 |
| Other Fixed Assets | 22,935 |
| NCUSIF Deposit | 312,597 |
| All Other Assets | 56,757 |
| TOTAL ASSETS | 38,083,345 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 597,387 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,966,059 |
| Regular shares | 14,621,792 |
| All Other Shares & Deposits | 11,526,794 |
| TOTAL SHARES & DEPOSITS | 33,114,644 |
| TOTAL LIABILITIES | 33,712,031 |
| Regular Reserve | 0 |
| Other Reserves | -224,995 |
| Undivided Earnings | 4,596,309 |
| TOTAL EQUITY | 4,371,314 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,083,345 |
| INCOME & EXPENSE | |
| Loan Income | 1,004,423 |
| Investment Income | 150,555 |
| Other Income | 125,719 |
| Total Employee Compensation & Benefits | 352,124 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 578,049 |
| Non-operating Income & (Expense) | 25,821 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 227,862 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 282,158 |
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