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CHEMCO FEDERAL CREDIT UNION

Mar, 31, 2022 — CHEMCO FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $22.02 million in total assets. Opened 55 years ago in 1967, CHEMCO FEDERAL CREDIT UNION has about 2,200 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:CHEMCO FEDERAL CREDIT UNION
Address:
(Main Office)
4200 Bells Ln
LOUISVILLE, KY 40211-2147
Phone:(502) 772-5780
Fax:(502) 772-5784
Website:http://www.chemcofcu.com
Branches:2 branch locations
Members:2,200
Credit Union Type:Federal Credit Union
Charter Number:18172
Membership Type:Multiple common bond - Primarily chemical
Corporate Credit Union:No
Year Opened:1967
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$22,016,534
CEO/Manager:Steven S Parsons
Chairperson:WILLIAM E GREEN

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,168,608
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,682,741
 Unsecured Loans 859,929
 Other Loans 11,707,922
 TOTAL LOANS 15,250,592
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -79,144
 Land And Building 219,131
 Other Fixed Assets 74,506
 NCUSIF Deposit 194,502
 All Other Assets 0
  TOTAL ASSETS 22,016,534
LIABILITIES & CAPITAL:  
 Dividends Payable 974
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 31,212
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,322,065
 Regular shares 12,908,249
 All Other Shares & Deposits 2,906,757
  TOTAL SHARES & DEPOSITS 20,137,071
  TOTAL LIABILITIES 20,169,257
 Regular Reserve 0
 Other Reserves 411,382
 Undivided Earnings 1,435,895
  TOTAL EQUITY 1,847,277
  TOTAL LIABILITIES, SHARES, & EQUITY 22,016,534
INCOME & EXPENSE  
 Loan Income 206,113
 Investment Income 16,695
 Other Income 29,797
 Total Employee Compensation & Benefits 101,807
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 163,120
 Non-operating Income & (Expense) 2,400
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,365
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 29,678
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