Jun, 30, 2021 — CHEMCO FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $22.16 million in total assets. Opened 54 years ago in 1967, CHEMCO FEDERAL CREDIT UNION has about 2,130 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: | 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: | 2,130 |
| 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: | $22,162,616 |
| CEO/Manager: | Steven S Parsons |
| Chairperson: | WILLIAM E GREEN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,147,033 |
| TOTAL INVESTMENTS | 6,783,532 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,277,392 |
| Unsecured Loans | 836,485 |
| Other Loans | 9,399,087 |
| TOTAL LOANS | 12,512,964 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,623 |
| Land And Building | 230,536 |
| Other Fixed Assets | 84,981 |
| NCUSIF Deposit | 184,526 |
| All Other Assets | 315,667 |
| TOTAL ASSETS | 22,162,616 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,086 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,697 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,219,819 |
| Regular shares | 13,003,038 |
| All Other Shares & Deposits | 3,211,817 |
| TOTAL SHARES & DEPOSITS | 20,434,674 |
| TOTAL LIABILITIES | 20,466,457 |
| Regular Reserve | 411,382 |
| Other Reserves | 0 |
| Undivided Earnings | 1,284,777 |
| TOTAL EQUITY | 1,696,159 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,162,616 |
| INCOME & EXPENSE | |
| Loan Income | 317,022 |
| Investment Income | 45,775 |
| Other Income | 50,499 |
| Total Employee Compensation & Benefits | 177,361 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 289,113 |
| Non-operating Income & (Expense) | 4,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,293 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,952 |
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