Dec, 31, 2023 — KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION is a federal credit union headquartered in FLUSHING, NY with 1 branch location and about $31.39 million in total assets. Opened 45 years ago in 1979, KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION has about 1,831 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: | KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION |
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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: | 1,831 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23503 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,390,849 |
CEO/Manager: | Eunhee Yu |
Chairperson: | Young Sun Choe |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,241,490 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,238,303 |
Unsecured Loans | 900,723 |
Other Loans | 44,454 |
TOTAL LOANS | 26,183,480 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,844 |
Land And Building | 241,384 |
Other Fixed Assets | 507 |
NCUSIF Deposit | 274,694 |
All Other Assets | 0 |
TOTAL ASSETS | 31,390,849 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 165,002 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,738 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,981,229 |
Regular shares | 4,194,234 |
All Other Shares & Deposits | 10,337,154 |
TOTAL SHARES & DEPOSITS | 27,512,617 |
TOTAL LIABILITIES | 27,697,357 |
Regular Reserve | 0 |
Other Reserves | 155,841 |
Undivided Earnings | 3,537,651 |
TOTAL EQUITY | 3,693,492 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,390,849 |
INCOME & EXPENSE | |
Loan Income | 1,230,175 |
Investment Income | 141,128 |
Other Income | 48,980 |
Total Employee Compensation & Benefits | 707,798 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 487,569 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 210,007 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 59,631 |
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» See also Statement of Financial Condition