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K I T FEDERAL CREDIT UNION

Mar, 31, 2022 — K I T FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 1 branch location and about $18.45 million in total assets. Opened 57 years ago in 1965, K I T FEDERAL CREDIT UNION has about 1,911 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: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:http://www.kitfcu.org
Branches:1 branch locations
Members:1,911
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:$18,445,605
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 1,772,840
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,012,172
 Unsecured Loans 1,299,084
 Other Loans 4,870,735
 TOTAL LOANS 10,181,991
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -43,121
 Land And Building 801,489
 Other Fixed Assets 37,531
 NCUSIF Deposit 146,109
 All Other Assets 0
  TOTAL ASSETS 18,445,605
LIABILITIES & CAPITAL:  
 Dividends Payable 9,011
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 120,188
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,557,296
 Regular shares 5,173,669
 All Other Shares & Deposits 7,609,605
  TOTAL SHARES & DEPOSITS 16,340,570
  TOTAL LIABILITIES 16,469,769
 Regular Reserve 0
 Other Reserves 360,455
 Undivided Earnings 1,615,381
  TOTAL EQUITY 1,975,836
  TOTAL LIABILITIES, SHARES, & EQUITY 18,445,605
INCOME & EXPENSE  
 Loan Income 159,852
 Investment Income 11,639
 Other Income 56,986
 Total Employee Compensation & Benefits 120,988
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 56,312
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -330
 Cost of Funds 11,508
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 71,734
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