Dec, 31, 2022 — EASTERN KENTUCKY FEDERAL CREDIT UNION is a federal credit union headquartered in PRESTONSBURG, KY with 1 branch location and about $6.23 million in total assets. Opened 54 years ago in 1969, EASTERN KENTUCKY FEDERAL CREDIT UNION has about 806 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EASTERN KENTUCKY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 550 N Lake Dr PRESTONSBURG, KY 41653 |
| Phone: | (606) 263-4956 |
| Fax: | (606) 263-4957 |
| Website: | https://www.ekyfcu.com |
| Branches: | 1 branch locations |
| Members: | 806 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19280 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,229,498 |
| CEO/Manager: | Felicia Woody |
| Chairperson: | Jennifer L Osborne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,369,855 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 270,396 |
| Unsecured Loans | 1,243,109 |
| Other Loans | 2,881,718 |
| TOTAL LOANS | 4,395,223 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,185 |
| Land And Building | 135,811 |
| Other Fixed Assets | 63,736 |
| NCUSIF Deposit | 68,326 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,229,498 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,314 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,313,188 |
| Regular shares | 1,918,646 |
| All Other Shares & Deposits | 2,502,362 |
| TOTAL SHARES & DEPOSITS | 5,734,196 |
| TOTAL LIABILITIES | 5,746,510 |
| Regular Reserve | 0 |
| Other Reserves | 260,783 |
| Undivided Earnings | 222,205 |
| TOTAL EQUITY | 482,988 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,229,498 |
| INCOME & EXPENSE | |
| Loan Income | 267,331 |
| Investment Income | 3,923 |
| Other Income | 110,038 |
| Total Employee Compensation & Benefits | 105,651 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 167,839 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,953 |
| Cost of Funds | 23,246 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 58,493 |
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