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ST. ANDREW KIM FEDERAL CREDIT UNION

Mar, 31, 2021 — ST. ANDREW KIM FEDERAL CREDIT UNION is a federal credit union headquartered in Maplewood, NJ with 1 branch location and about $818,703 in total assets. Opened 37 years ago in 1984, ST. ANDREW KIM FEDERAL CREDIT UNION has about 218 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ST. ANDREW KIM FEDERAL CREDIT UNION
Address:
(Main Office)
280 Parker Ave
Maplewood, NJ 07040
Phone:(201) 696-7249
Fax:
Website:http://www.standrewkimfcu.com/
Branches:1 branch locations
Members:218
Credit Union Type:Federal Credit Union
Charter Number:24115
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1984
Last Audited:Jun 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$818,703
CEO/Manager:Peter Lee
Chairperson:Tae I Kim

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 636,479
TOTAL INVESTMENTS 149,995
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 52,371
 Other Loans 0
 TOTAL LOANS 52,371
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,148
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 8,231
 All Other Assets 3,775
  TOTAL ASSETS 818,703
LIABILITIES & CAPITAL:  
 Dividends Payable 150
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,166
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 509,240
 All Other Shares & Deposits 108,680
  TOTAL SHARES & DEPOSITS 617,920
  TOTAL LIABILITIES 621,236
 Regular Reserve 67,442
 Other Reserves 0
 Undivided Earnings 130,025
  TOTAL EQUITY 197,467
  TOTAL LIABILITIES, SHARES, & EQUITY 818,703
INCOME & EXPENSE  
 Loan Income 945
 Investment Income 614
 Other Income 97
 Total Employee Compensation & Benefits 4,914
 NCUSIF Premiums Expense 296
 Total Other Operating Expenses 7,746
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 300
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,600
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