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National Credit Union Service Organization

KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION

Dec, 31, 2020 — KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in Knoxville, TN with 1 branch location and about $31.83 million in total assets. Opened 64 years ago in 1957, KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION has about 1,649 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:1,649
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:$31,833,025
CEO/Manager:Audrey Skeen
Chairperson:Tom Spangler

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,512,780
TOTAL INVESTMENTS 8,249,275
Loans Held for Sale 0
 
 Real Estate Loans 4,412,461
 Unsecured Loans 572,359
 Other Loans 9,662,213
 TOTAL LOANS 14,647,033
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -46,556
 Land And Building 654,473
 Other Fixed Assets 46,721
 NCUSIF Deposit 228,095
 All Other Assets 541,204
  TOTAL ASSETS 31,833,025
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 912,989
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,833,036
 Regular shares 12,881,972
 All Other Shares & Deposits 8,119,308
  TOTAL SHARES & DEPOSITS 26,834,316
  TOTAL LIABILITIES 27,747,305
 Regular Reserve 485,266
 Other Reserves 582
 Undivided Earnings 3,599,872
  TOTAL EQUITY 4,085,720
  TOTAL LIABILITIES, SHARES, & EQUITY 31,833,025
INCOME & EXPENSE  
 Loan Income 723,022
 Investment Income 102,035
 Other Income 213,590
 Total Employee Compensation & Benefits 401,090
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 453,486
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 54,785
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 129,286
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