Jun, 30, 2024 — 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 60 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 |
| 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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