Dec, 31, 2022 — KENNEDY VA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $27.69 million in total assets. Opened 75 years ago in 1948, KENNEDY VA EMPLOYEES FEDERAL CREDIT UNION has about 3,015 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: | KENNEDY VA EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1030 Jefferson Ave MEMPHIS, TN 38104 |
| Phone: | (901) 523-8990 |
| Fax: | |
| Website: | https://www.kennedyvaefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,015 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5811 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,692,600 |
| CEO/Manager: | Margie Johnson |
| Chairperson: | Dave Fairley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,035,939 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,908 |
| Unsecured Loans | 1,598,505 |
| Other Loans | 12,244,268 |
| TOTAL LOANS | 13,863,681 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,920 |
| Land And Building | 0 |
| Other Fixed Assets | 23,069 |
| NCUSIF Deposit | 231,812 |
| All Other Assets | 62,825 |
| TOTAL ASSETS | 27,692,600 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,049 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,220,702 |
| Regular shares | 16,954,045 |
| All Other Shares & Deposits | 3,766,000 |
| TOTAL SHARES & DEPOSITS | 23,940,747 |
| TOTAL LIABILITIES | 24,077,796 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,614,804 |
| TOTAL EQUITY | 3,614,804 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,692,600 |
| INCOME & EXPENSE | |
| Loan Income | 568,541 |
| Investment Income | 53,937 |
| Other Income | 159,128 |
| Total Employee Compensation & Benefits | 206,521 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 488,727 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,443 |
| Cost of Funds | 24,933 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,246 |
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