Sep, 30, 2025 — KOREAN CATHOLIC FEDERAL CREDIT UNION is a federal credit union headquartered in OLNEY, MD with 1 branch location and about $1.97 million in total assets. Opened 49 years ago in 1977, KOREAN CATHOLIC FEDERAL CREDIT UNION has about 311 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KOREAN CATHOLIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 17615 Old Baltimore Rd OLNEY, MD 20832 |
| Phone: | (301) 774-8191 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 311 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22700 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,973,248 |
| CEO/Manager: | Vivian Kim |
| Chairperson: | Brian Y Kim |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 321,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 116,235 |
| Other Loans | 814,061 |
| TOTAL LOANS | 930,297 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,302 |
| Land And Building | 0 |
| Other Fixed Assets | 665 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 18,508 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,973,248 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,136 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,203 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 904,766 |
| All Other Shares & Deposits | 841,670 |
| TOTAL SHARES & DEPOSITS | 1,746,436 |
| TOTAL LIABILITIES | 1,752,775 |
| Regular Reserve | 0 |
| Other Reserves | 103,998 |
| Undivided Earnings | 116,475 |
| TOTAL EQUITY | 220,473 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,973,248 |
| INCOME & EXPENSE | |
| Loan Income | 43,736 |
| Investment Income | 21,083 |
| Other Income | 3,988 |
| Total Employee Compensation & Benefits | 30,240 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 26,440 |
| Non-operating Income & (Expense) | 2,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -14,102 |
| Cost of Funds | 17,886 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,343 |
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