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CHEMCO FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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