Dec, 31, 2023 — UNIVERSITY OF KENTUCKY FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON, KY with 7 branch locations and about $1.51 billion in total assets. Opened 87 years ago in 1937, UNIVERSITY OF KENTUCKY FEDERAL CREDIT UNION has about 106,005 members and employs 260 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSITY OF KENTUCKY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1730 Alysheba Way LEXINGTON, KY 40509 |
Phone: | (859) 264-4200 |
Fax: | (859) 264-4208 |
Website: | https://www.ukfcu.org |
Branches: | 7 branch locations |
Members: | 106,005 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24165 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,506,831,020 |
CEO/Manager: | Dan Kittleson |
Chairperson: | Joseph (Tyler) Gayheart |
ASSETS: | $ Amount |
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Cash & Equivalents | 158,115,161 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 69,500 |
Real Estate Loans | 712,009,657 |
Unsecured Loans | 50,504,056 |
Other Loans | 500,009,118 |
TOTAL LOANS | 1,263,909,535 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,325,248 |
Land And Building | 25,631,289 |
Other Fixed Assets | 9,544,942 |
NCUSIF Deposit | 10,960,781 |
All Other Assets | 374,200 |
TOTAL ASSETS | 1,506,831,020 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,515,708 |
Notes & Interest Payable | 95,500,000 |
Accounts Payable & Other Liabilities | 20,752,017 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 182,040,441 |
Regular shares | 162,165,326 |
All Other Shares & Deposits | 881,138,952 |
TOTAL SHARES & DEPOSITS | 1,225,344,719 |
TOTAL LIABILITIES | 1,349,324,233 |
Regular Reserve | 0 |
Other Reserves | -958,829 |
Undivided Earnings | 158,465,616 |
TOTAL EQUITY | 157,506,787 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,506,831,020 |
INCOME & EXPENSE | |
Loan Income | 72,617,281 |
Investment Income | 9,061,538 |
Other Income | 7,970,310 |
Total Employee Compensation & Benefits | 24,795,441 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,720,263 |
Non-operating Income & (Expense) | 982,367 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,906,826 |
Cost of Funds | 27,319,572 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,954,921 |
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