Mar, 31, 2021 — KINGS FEDERAL CREDIT UNION is a federal credit union headquartered in Hanford, CA with 1 branch location and about $148.00 million in total assets. Opened 66 years ago in 1955, KINGS FEDERAL CREDIT UNION has about 9,338 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: | 9,338 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $148,004,739 |
| CEO/Manager: | Jeff Bassill |
| Chairperson: | John Farley (Retired) |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,695,256 |
| TOTAL INVESTMENTS | 45,923,644 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,393,107 |
| Unsecured Loans | 4,436,090 |
| Other Loans | 59,149,873 |
| TOTAL LOANS | 73,979,070 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -760,793 |
| Land And Building | 938,555 |
| Other Fixed Assets | 198,330 |
| NCUSIF Deposit | 1,154,983 |
| All Other Assets | 1,875,694 |
| TOTAL ASSETS | 148,004,739 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,730,278 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,789,865 |
| Regular shares | 56,543,803 |
| All Other Shares & Deposits | 47,978,361 |
| TOTAL SHARES & DEPOSITS | 127,312,029 |
| TOTAL LIABILITIES | 129,042,307 |
| Regular Reserve | 1,246,712 |
| Other Reserves | -468,715 |
| Undivided Earnings | 18,184,435 |
| TOTAL EQUITY | 18,962,432 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 148,004,739 |
| INCOME & EXPENSE | |
| Loan Income | 763,556 |
| Investment Income | 131,476 |
| Other Income | 75,752 |
| Total Employee Compensation & Benefits | 374,583 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 487,059 |
| Non-operating Income & (Expense) | 6,748 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 93,346 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 138,797 |
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