Sep, 30, 2025 — K I T FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 1 branch location and about $21.70 million in total assets. Opened 61 years ago in 1965, K I T FEDERAL CREDIT UNION has about 1,852 members and employs 8 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: | 1,852 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16947 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,698,065 |
| CEO/Manager: | Andrea Maxwell |
| Chairperson: | Scott Malony |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,438,018 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,736,761 |
| Unsecured Loans | 1,682,335 |
| Other Loans | 5,710,639 |
| TOTAL LOANS | 14,129,736 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,997 |
| Land And Building | 820,724 |
| Other Fixed Assets | 48,335 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 171,575 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,698,065 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 145,044 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,095,998 |
| Regular shares | 3,263,780 |
| All Other Shares & Deposits | 12,605,289 |
| TOTAL SHARES & DEPOSITS | 18,965,066 |
| TOTAL LIABILITIES | 19,110,110 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,587,955 |
| TOTAL EQUITY | 2,587,955 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,698,065 |
| INCOME & EXPENSE | |
| Loan Income | 834,994 |
| Investment Income | 131,114 |
| Other Income | 193,124 |
| Total Employee Compensation & Benefits | 378,536 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 347,063 |
| Non-operating Income & (Expense) | 263,257 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,954 |
| Cost of Funds | 248,177 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 358,759 |
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