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P. A. C. E. KENNER FEDERAL CREDIT UNION

Mar, 31, 2021 — P. A. C. E. KENNER FEDERAL CREDIT UNION is a federal credit union headquartered in KENNER, LA with 1 branch location and about $1.65 million in total assets. Opened 47 years ago in 1974, P. A. C. E. KENNER FEDERAL CREDIT UNION has about 406 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:P. A. C. E. KENNER FEDERAL CREDIT UNION
Address:
(Main Office)
700 JACKSON ST BOX 400
KENNER, LA 70063
Phone:(504) 469-6345
Fax:(504) 467-8103
Website:n/a
Branches:1 branch locations
Members:406
Credit Union Type:Federal Credit Union
Charter Number:21716
Membership Type:Manufacturing - Machinery
Corporate Credit Union:No
Year Opened:1974
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,648,480
CEO/Manager:MICHAEL G BURNS
Chairperson:EILEEN SULLIVAN

Call Report

  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 383,145
TOTAL INVESTMENTS 709,998
Loans Held for Sale 0
 
 Real Estate Loans 175,400
 Unsecured Loans 157,110
 Other Loans 216,105
 TOTAL LOANS 548,615
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,928
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 15,428
 All Other Assets 2,222
  TOTAL ASSETS 1,648,480
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,078
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,413,225
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,413,225
  TOTAL LIABILITIES 1,415,303
 Regular Reserve 100,000
 Other Reserves 0
 Undivided Earnings 133,177
  TOTAL EQUITY 233,177
  TOTAL LIABILITIES, SHARES, & EQUITY 1,648,480
INCOME & EXPENSE  
 Loan Income 9,746
 Investment Income 2,513
 Other Income 1,308
 Total Employee Compensation & Benefits 15,267
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,235
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,215
 Cost of Funds 561
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -24,711
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