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K I T FEDERAL CREDIT UNION

Sep, 30, 2022 — K I T FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 1 branch location and about $19.10 million in total assets. Opened 58 years ago in 1965, K I T FEDERAL CREDIT UNION has about 1,957 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:K I T FEDERAL CREDIT UNION
Address:
(Main Office)
9711 Linn Station Rd
LOUISVILLE, KY 40223
Phone:(502) 459-9286
Fax:(502) 458-7038
Website:https://www.kitfcu.org
Branches:1 branch locations
Members:1,957
Credit Union Type:Federal Credit Union
Charter Number:16947
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1965
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$19,099,239
CEO/Manager:Barbara M Leonhardt
Chairperson:Scott Malony

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,490,714
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,838,989
 Unsecured Loans 1,518,039
 Other Loans 5,148,183
 TOTAL LOANS 11,505,211
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -81,474
 Land And Building 795,928
 Other Fixed Assets 37,817
 NCUSIF Deposit 147,970
 All Other Assets 20,714
  TOTAL ASSETS 19,099,239
LIABILITIES & CAPITAL:  
 Dividends Payable 14,652
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 150,476
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,001,272
 Regular shares 4,662,516
 All Other Shares & Deposits 8,320,127
  TOTAL SHARES & DEPOSITS 16,983,915
  TOTAL LIABILITIES 17,149,043
 Regular Reserve 0
 Other Reserves 360,455
 Undivided Earnings 1,589,741
  TOTAL EQUITY 1,950,196
  TOTAL LIABILITIES, SHARES, & EQUITY 19,099,239
INCOME & EXPENSE  
 Loan Income 511,725
 Investment Income 38,950
 Other Income 177,449
 Total Employee Compensation & Benefits 409,250
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 245,354
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -3,762
 Cost of Funds 53,703
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 118,452
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