Mar, 31, 2022 — KINGS FEDERAL CREDIT UNION is a federal credit union headquartered in HANFORD, CA with 1 branch location and about $156.53 million in total assets. Opened 67 years ago in 1955, KINGS FEDERAL CREDIT UNION has about 9,556 members and employs 19 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: | 9,556 |
| 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: | $156,532,751 |
| CEO/Manager: | Jeff Bassill |
| Chairperson: | Curt Rowe (Retired) |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,643,565 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,407,322 |
| Unsecured Loans | 3,584,870 |
| Other Loans | 68,295,726 |
| TOTAL LOANS | 83,287,918 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -765,214 |
| Land And Building | 859,563 |
| Other Fixed Assets | 311,942 |
| NCUSIF Deposit | 1,265,146 |
| All Other Assets | 0 |
| TOTAL ASSETS | 156,532,751 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,461,455 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,431,807 |
| Regular shares | 64,618,532 |
| All Other Shares & Deposits | 48,732,241 |
| TOTAL SHARES & DEPOSITS | 137,782,580 |
| TOTAL LIABILITIES | 139,244,035 |
| Regular Reserve | 0 |
| Other Reserves | -1,613,735 |
| Undivided Earnings | 18,902,451 |
| TOTAL EQUITY | 17,288,716 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 156,532,751 |
| INCOME & EXPENSE | |
| Loan Income | 747,403 |
| Investment Income | 142,076 |
| Other Income | 101,187 |
| Total Employee Compensation & Benefits | 366,090 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 483,972 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,523 |
| Cost of Funds | 65,151 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 143,616 |
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