Dec, 31, 2023 — KERR COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in KERRVILLE, TX with 4 branch locations and about $139.19 million in total assets. Opened 88 years ago in 1936, KERR COUNTY FEDERAL CREDIT UNION has about 13,342 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KERR COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 Main St KERRVILLE, TX 78028-5380 |
| Phone: | (830) 896-6801 |
| Fax: | (830) 896-6804 |
| Website: | https://kerrcountyfcu.com |
| Branches: | 4 branch locations |
| Members: | 13,342 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1558 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $139,189,703 |
| CEO/Manager: | Sandra R Lumbley |
| Chairperson: | Lou Graves |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,801,869 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 13,155,755 |
| Other Loans | 106,533,186 |
| TOTAL LOANS | 119,688,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,212,489 |
| Land And Building | 3,836,714 |
| Other Fixed Assets | 395,428 |
| NCUSIF Deposit | 1,226,086 |
| All Other Assets | 427,669 |
| TOTAL ASSETS | 139,189,703 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 284,526 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,150,740 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,109,000 |
| Share Drafts | 28,683,176 |
| Regular shares | 52,776,423 |
| All Other Shares & Deposits | 40,764,693 |
| TOTAL SHARES & DEPOSITS | 122,224,292 |
| TOTAL LIABILITIES | 128,768,558 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,421,145 |
| TOTAL EQUITY | 10,421,145 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 139,189,703 |
| INCOME & EXPENSE | |
| Loan Income | 6,671,066 |
| Investment Income | 681,525 |
| Other Income | 1,717,596 |
| Total Employee Compensation & Benefits | 3,416,530 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,909,779 |
| Non-operating Income & (Expense) | -18,953 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 298,462 |
| Cost of Funds | 2,698,936 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -14,167 |
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