Jun, 30, 2021 — KINGS FEDERAL CREDIT UNION is a federal credit union headquartered in Hanford, CA with 1 branch location and about $146.68 million in total assets. Opened 66 years ago in 1955, KINGS FEDERAL CREDIT UNION has about 9,652 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KINGS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1415 W Lacey Blvd Hanford, CA 93230 |
| Phone: | (559) 582-4438 |
| Fax: | (559) 582-3236 |
| Website: | http://kingsfcu.com |
| Branches: | 1 branch locations |
| Members: | 9,652 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10395 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $146,684,525 |
| CEO/Manager: | Jeff Bassill |
| Chairperson: | John Farley (Retired) |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,662,032 |
| TOTAL INVESTMENTS | 39,611,076 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,368,825 |
| Unsecured Loans | 4,134,692 |
| Other Loans | 69,487,493 |
| TOTAL LOANS | 83,991,010 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -758,128 |
| Land And Building | 963,411 |
| Other Fixed Assets | 284,678 |
| NCUSIF Deposit | 1,154,882 |
| All Other Assets | 1,775,564 |
| TOTAL ASSETS | 146,684,525 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,064,547 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,849,294 |
| Regular shares | 57,284,133 |
| All Other Shares & Deposits | 47,205,608 |
| TOTAL SHARES & DEPOSITS | 126,339,035 |
| TOTAL LIABILITIES | 127,403,582 |
| Regular Reserve | 1,246,712 |
| Other Reserves | -301,519 |
| Undivided Earnings | 18,335,750 |
| TOTAL EQUITY | 19,280,943 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 146,684,525 |
| INCOME & EXPENSE | |
| Loan Income | 1,545,467 |
| Investment Income | 267,000 |
| Other Income | 159,918 |
| Total Employee Compensation & Benefits | 738,278 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 983,244 |
| Non-operating Income & (Expense) | 5,165 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 170,715 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 290,112 |
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