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K I T FEDERAL CREDIT UNION

Mar, 31, 2021 — K I T FEDERAL CREDIT UNION is a federal credit union headquartered in Louisville, KY with 1 branch location and about $18.13 million in total assets. Opened 56 years ago in 1965, K I T FEDERAL CREDIT UNION has about 2,000 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:2,000
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$18,126,053
CEO/Manager:Barbara M Leonhardt
Chairperson:Scott Malony

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,859,381
TOTAL INVESTMENTS 3,567,905
Loans Held for Sale 0
 
 Real Estate Loans 2,876,458
 Unsecured Loans 1,049,462
 Other Loans 4,788,116
 TOTAL LOANS 8,714,036
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -51,066
 Land And Building 781,016
 Other Fixed Assets 48,066
 NCUSIF Deposit 122,740
 All Other Assets 83,975
  TOTAL ASSETS 18,126,053
LIABILITIES & CAPITAL:  
 Dividends Payable 12,342
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 98,503
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,493,376
 Regular shares 4,975,686
 All Other Shares & Deposits 7,746,596
  TOTAL SHARES & DEPOSITS 16,215,658
  TOTAL LIABILITIES 16,326,503
 Regular Reserve 360,455
 Other Reserves 0
 Undivided Earnings 1,439,095
  TOTAL EQUITY 1,799,550
  TOTAL LIABILITIES, SHARES, & EQUITY 18,126,053
INCOME & EXPENSE  
 Loan Income 146,073
 Investment Income 13,450
 Other Income 54,897
 Total Employee Compensation & Benefits 137,772
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 82,688
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -15,690
 Cost of Funds 15,391
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 24,427
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