Dec, 31, 2020 — KINGS FEDERAL CREDIT UNION is a federal credit union headquartered in HANFORD, CA with 1 branch location and about $138.59 million in total assets. Opened 66 years ago in 1955, KINGS FEDERAL CREDIT UNION has about 9,262 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 |
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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: | 9,262 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10395 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $138,585,655 |
CEO/Manager: | Jeff Bassill |
Chairperson: | John Farley (Retired) |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,022,816 |
TOTAL INVESTMENTS | 42,166,383 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,939,128 |
Unsecured Loans | 4,785,050 |
Other Loans | 56,917,065 |
TOTAL LOANS | 70,641,243 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -802,866 |
Land And Building | 961,164 |
Other Fixed Assets | 182,566 |
NCUSIF Deposit | 1,154,983 |
All Other Assets | 1,259,366 |
TOTAL ASSETS | 138,585,655 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,042,235 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,167,006 |
Regular shares | 50,757,166 |
All Other Shares & Deposits | 48,817,490 |
TOTAL SHARES & DEPOSITS | 118,741,662 |
TOTAL LIABILITIES | 119,783,897 |
Regular Reserve | 1,246,712 |
Other Reserves | -490,593 |
Undivided Earnings | 18,045,639 |
TOTAL EQUITY | 18,801,758 |
TOTAL LIABILITIES, SHARES, & EQUITY | 138,585,655 |
INCOME & EXPENSE | |
Loan Income | 3,461,275 |
Investment Income | 630,370 |
Other Income | 763,251 |
Total Employee Compensation & Benefits | 1,408,149 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,979,163 |
Non-operating Income & (Expense) | -4,132 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 460,000 |
Cost of Funds | 540,740 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 462,712 |
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