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KEMBA ROANOKE FEDERAL CREDIT UNION

Mar, 31, 2021 — KEMBA ROANOKE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, VA with 2 branch locations and about $72.43 million in total assets. Opened 86 years ago in 1935, KEMBA ROANOKE FEDERAL CREDIT UNION has about 5,955 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:KEMBA ROANOKE FEDERAL CREDIT UNION
Address:
(Main Office)
2812 W MAIN ST
SALEM, VA 24153
Phone:(540) 387-5267
Fax:(540) 387-2854
Website:http://www.kembafcu.org
Branches:2 branch locations
Members:5,955
Credit Union Type:Federal Credit Union
Charter Number:107
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$72,426,037
CEO/Manager:ALLAN DAVIDSON
Chairperson:MARCIA TYLER

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,566,666
TOTAL INVESTMENTS 38,223,307
Loans Held for Sale 0
 
 Real Estate Loans 7,054,523
 Unsecured Loans 2,906,144
 Other Loans 13,280,577
 TOTAL LOANS 23,241,244
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -101,722
 Land And Building 193,314
 Other Fixed Assets 32,594
 NCUSIF Deposit 552,806
 All Other Assets 717,828
  TOTAL ASSETS 72,426,037
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 151,109
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,706,466
 Regular shares 19,731,130
 All Other Shares & Deposits 33,251,021
  TOTAL SHARES & DEPOSITS 61,688,617
  TOTAL LIABILITIES 61,839,726
 Regular Reserve 2,653,006
 Other Reserves 0
 Undivided Earnings 7,933,305
  TOTAL EQUITY 10,586,311
  TOTAL LIABILITIES, SHARES, & EQUITY 72,426,037
INCOME & EXPENSE  
 Loan Income 342,120
 Investment Income 167,116
 Other Income 31,312
 Total Employee Compensation & Benefits 168,448
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 333,615
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,999
 Cost of Funds 55,512
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 46,014
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