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KNOXVILLE LAW ENFORCEMENT FEDERAL CREDIT UNION

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

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 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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