Dec, 31, 2023 — KELLOGG MIDWEST FEDERAL CREDIT UNION is a federal credit union headquartered in LAVISTA, NE with 2 branch locations and about $58.29 million in total assets. Opened 78 years ago in 1946, KELLOGG MIDWEST FEDERAL CREDIT UNION has about 2,804 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KELLOGG MIDWEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9618 Brentwood Dr LAVISTA, NE 68128 |
| Phone: | (402) 593-2680 |
| Fax: | (402) 935-3143 |
| Website: | https://www.kellogg-fcu.org |
| Branches: | 2 branch locations |
| Members: | 2,804 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5286 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,294,237 |
| CEO/Manager: | Jennifer Warnsing |
| Chairperson: | Ron Kmiecik |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,616,180 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,118,327 |
| Unsecured Loans | 1,477,826 |
| Other Loans | 10,458,769 |
| TOTAL LOANS | 37,054,922 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,989 |
| Land And Building | 4,278,661 |
| Other Fixed Assets | 95,601 |
| NCUSIF Deposit | 436,685 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,294,237 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 572,556 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,663,731 |
| Regular shares | 20,680,953 |
| All Other Shares & Deposits | 16,944,960 |
| TOTAL SHARES & DEPOSITS | 46,289,643 |
| TOTAL LIABILITIES | 46,862,205 |
| Regular Reserve | 0 |
| Other Reserves | 713,142 |
| Undivided Earnings | 10,718,890 |
| TOTAL EQUITY | 11,432,032 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,294,237 |
| INCOME & EXPENSE | |
| Loan Income | 1,737,178 |
| Investment Income | 502,627 |
| Other Income | 113,202 |
| Total Employee Compensation & Benefits | 828,811 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 980,603 |
| Non-operating Income & (Expense) | 1,697 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 483,047 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 259,160 |
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