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 |
| 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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