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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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