Dec, 31, 2023 — KC FAIRFAX FEDERAL CREDIT UNION is a federal credit union headquartered in KANSAS CITY, KS with 1 branch location and about $7.47 million in total assets. Opened 77 years ago in 1947, KC FAIRFAX FEDERAL CREDIT UNION has about 2,000 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KC FAIRFAX FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 104 Sunshine Rd KANSAS CITY, KS 66115-1314 |
| Phone: | (913) 647-9490 |
| Fax: | (913) 647-9489 |
| Website: | https://www.kcffcu.com |
| Branches: | 1 branch locations |
| Members: | 2,000 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5589 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,465,660 |
| CEO/Manager: | Prentice E Watson |
| Chairperson: | Shiela Lee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 732,542 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,475,035 |
| Unsecured Loans | 457,098 |
| Other Loans | 1,515,737 |
| TOTAL LOANS | 3,447,870 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,763 |
| Land And Building | 51,433 |
| Other Fixed Assets | 9,075 |
| NCUSIF Deposit | 68,906 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,465,660 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,104 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 565 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,375,325 |
| Regular shares | 3,108,654 |
| All Other Shares & Deposits | 2,072,685 |
| TOTAL SHARES & DEPOSITS | 6,556,665 |
| TOTAL LIABILITIES | 6,562,334 |
| Regular Reserve | 0 |
| Other Reserves | 739,693 |
| Undivided Earnings | 163,633 |
| TOTAL EQUITY | 903,326 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,465,660 |
| INCOME & EXPENSE | |
| Loan Income | 214,152 |
| Investment Income | 60,933 |
| Other Income | 139,054 |
| Total Employee Compensation & Benefits | 184,785 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 269,443 |
| Non-operating Income & (Expense) | 7,985 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,663 |
| Cost of Funds | 21,075 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -109,842 |
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