Mar, 31, 2021 — CHEMCO FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $21.35 million in total assets. Opened 54 years ago in 1967, CHEMCO FEDERAL CREDIT UNION has about 2,130 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: | 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,349,738 |
| CEO/Manager: | SHARON Y BOARD |
| Chairperson: | WILLIAM E GREEN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,273,855 |
| TOTAL INVESTMENTS | 7,028,532 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,318,564 |
| Unsecured Loans | 754,915 |
| Other Loans | 9,226,651 |
| TOTAL LOANS | 12,300,130 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -93,991 |
| Land And Building | 234,338 |
| Other Fixed Assets | 82,670 |
| NCUSIF Deposit | 184,526 |
| All Other Assets | 339,678 |
| TOTAL ASSETS | 21,349,738 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,079 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 51,681 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,176,755 |
| Regular shares | 12,405,320 |
| All Other Shares & Deposits | 3,028,546 |
| TOTAL SHARES & DEPOSITS | 19,610,621 |
| TOTAL LIABILITIES | 19,663,381 |
| Regular Reserve | 411,382 |
| Other Reserves | 0 |
| Undivided Earnings | 1,274,975 |
| TOTAL EQUITY | 1,686,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,349,738 |
| INCOME & EXPENSE | |
| Loan Income | 151,379 |
| Investment Income | 23,244 |
| Other Income | 21,978 |
| Total Employee Compensation & Benefits | 87,618 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 142,920 |
| 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 | 1,631 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -5,850 |
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