Sep, 30, 2025 — KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION is a federal credit union headquartered in FLUSHING, NY with 1 branch location and about $31.94 million in total assets. Opened 47 years ago in 1979, KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION has about 1,669 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: | KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14419 33rd Ave FLUSHING, NY 11354-3143 |
| Phone: | (718) 353-7676 |
| Fax: | (718) 353-8291 |
| Website: | https://www.kacfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,669 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23503 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,938,784 |
| CEO/Manager: | Eunhee Yu |
| Chairperson: | Young Sun Choe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,513,973 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,365,546 |
| Unsecured Loans | 794,833 |
| Other Loans | 35,001 |
| TOTAL LOANS | 25,195,380 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,547 |
| Land And Building | 240,438 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 294,994 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,938,784 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 314,686 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,666 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,786,506 |
| Regular shares | 3,431,193 |
| All Other Shares & Deposits | 12,669,337 |
| TOTAL SHARES & DEPOSITS | 27,887,036 |
| TOTAL LIABILITIES | 28,262,388 |
| Regular Reserve | 0 |
| Other Reserves | 155,842 |
| Undivided Earnings | 3,520,554 |
| TOTAL EQUITY | 3,676,396 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,938,784 |
| INCOME & EXPENSE | |
| Loan Income | 944,972 |
| Investment Income | 161,686 |
| Other Income | 41,632 |
| Total Employee Compensation & Benefits | 577,810 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 320,478 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 278,443 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,716 |
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