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CHEMCO FEDERAL CREDIT UNION

Jun, 30, 2023 — CHEMCO FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $22.09 million in total assets. Opened 57 years ago in 1967, CHEMCO FEDERAL CREDIT UNION has about 2,207 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:https://www.chemcofcu.com
Branches:2 branch locations
Members:2,207
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$22,092,044
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 1,589,970
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,913,913
 Unsecured Loans 876,840
 Other Loans 11,244,975
 TOTAL LOANS 15,035,728
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,399
 Land And Building 211,527
 Other Fixed Assets 66,055
 NCUSIF Deposit 194,502
 All Other Assets 54,332
  TOTAL ASSETS 22,092,044
LIABILITIES & CAPITAL:  
 Dividends Payable 907
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -11,527
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,458,499
 Regular shares 12,884,083
 All Other Shares & Deposits 2,872,610
  TOTAL SHARES & DEPOSITS 20,215,192
  TOTAL LIABILITIES 20,204,572
 Regular Reserve 0
 Other Reserves 411,382
 Undivided Earnings 1,476,090
  TOTAL EQUITY 1,887,472
  TOTAL LIABILITIES, SHARES, & EQUITY 22,092,044
INCOME & EXPENSE  
 Loan Income 592,614
 Investment Income 54,075
 Other Income 100,638
 Total Employee Compensation & Benefits 319,311
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 476,131
 Non-operating Income & (Expense) 7,200
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,416
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 69,873
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