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ST. ANDREW KIM FEDERAL CREDIT UNION

Jun, 30, 2021 — ST. ANDREW KIM FEDERAL CREDIT UNION is a federal credit union headquartered in Maplewood, NJ with 1 branch location and about $792,244 in total assets. Opened 37 years ago in 1984, ST. ANDREW KIM FEDERAL CREDIT UNION has about 164 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:164
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:$792,244
CEO/Manager:Peter Lee
Chairperson:Tae I Kim

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 632,387
TOTAL INVESTMENTS 149,999
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 28,479
 Other Loans 0
 TOTAL LOANS 28,479
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,163
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 7,315
 All Other Assets 2,227
  TOTAL ASSETS 792,244
LIABILITIES & CAPITAL:  
 Dividends Payable 142
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,015
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 528,100
 All Other Shares & Deposits 71,493
  TOTAL SHARES & DEPOSITS 599,593
  TOTAL LIABILITIES 605,750
 Regular Reserve 67,442
 Other Reserves 0
 Undivided Earnings 119,052
  TOTAL EQUITY 186,494
  TOTAL LIABILITIES, SHARES, & EQUITY 792,244
INCOME & EXPENSE  
 Loan Income 1,453
 Investment Income 1,013
 Other Income 445
 Total Employee Compensation & Benefits 9,838
 NCUSIF Premiums Expense 296
 Total Other Operating Expenses 14,883
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 450
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -22,556
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