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KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION

Dec, 31, 2020 — KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION is a federal credit union headquartered in FLUSHING, NY with 1 branch location and about $27.36 million in total assets. Opened 42 years ago in 1979, KOREAN AMERICAN CATHOLICS FEDERAL CREDIT UNION has about 1,906 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
Address:
(Main Office)
14419 33RD AVE
FLUSHING, NY 11354-3143
Phone:(718) 353-7676
Fax:(718) 353-8291
Website:http://www.kacfcu.org
Branches:1 branch locations
Members:1,906
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:Oct 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$27,360,165
CEO/Manager:Jinhee Kim
Chairperson:Young Sun Choe

Call Report

  • Commercial Loans
  • Participation Loans
  • Real Estate Loans
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,266,501
TOTAL INVESTMENTS 4,539,648
Loans Held for Sale 0
 
 Real Estate Loans 10,802,199
 Unsecured Loans 3,085,469
 Other Loans 125,161
 TOTAL LOANS 14,012,829
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -49,876
 Land And Building 247,560
 Other Fixed Assets 8,472
 NCUSIF Deposit 225,653
 All Other Assets 109,378
  TOTAL ASSETS 27,360,165
LIABILITIES & CAPITAL:  
 Dividends Payable 74,549
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,458
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,021,037
 Regular shares 5,579,245
 All Other Shares & Deposits 7,722,651
  TOTAL SHARES & DEPOSITS 25,322,933
  TOTAL LIABILITIES 25,404,940
 Regular Reserve 692,415
 Other Reserves 155,841
 Undivided Earnings 1,106,969
  TOTAL EQUITY 1,955,225
  TOTAL LIABILITIES, SHARES, & EQUITY 27,360,165
INCOME & EXPENSE  
 Loan Income 727,427
 Investment Income 156,279
 Other Income 86,626
 Total Employee Compensation & Benefits 491,831
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 387,038
 Non-operating Income & (Expense) 30,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 33,347
 Cost of Funds 149,689
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -61,073
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