Mar, 31, 2021 — KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in Knoxville, TN with 1 branch location and about $34.34 million in total assets. Opened 64 years ago in 1957, KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION has about 1,659 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 E. Summit Hill Drive Knoxville, TN 37915 |
| Phone: | (865) 522-3900 |
| Fax: | (865) 637-4897 |
| Website: | http://www.klefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,659 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11533 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,335,465 |
| CEO/Manager: | Audrey Skeen |
| Chairperson: | Tom Spangler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,866,695 |
| TOTAL INVESTMENTS | 8,818,619 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,740,182 |
| Unsecured Loans | 533,357 |
| Other Loans | 9,940,834 |
| TOTAL LOANS | 14,214,373 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,571 |
| Land And Building | 649,356 |
| Other Fixed Assets | 42,482 |
| NCUSIF Deposit | 228,095 |
| All Other Assets | 562,416 |
| TOTAL ASSETS | 34,335,465 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 642,511 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,364,557 |
| Regular shares | 13,321,932 |
| All Other Shares & Deposits | 9,950,536 |
| TOTAL SHARES & DEPOSITS | 29,637,025 |
| TOTAL LIABILITIES | 30,279,536 |
| Regular Reserve | 485,266 |
| Other Reserves | -29,699 |
| Undivided Earnings | 3,600,362 |
| TOTAL EQUITY | 4,055,929 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,335,465 |
| INCOME & EXPENSE | |
| Loan Income | 164,004 |
| Investment Income | 15,250 |
| Other Income | 14,666 |
| Total Employee Compensation & Benefits | 101,898 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 107,901 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 16,874 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 491 |
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