Sep, 30, 2025 — KANKAKEE FEDERATION OF TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in KANKAKEE, IL with 1 branch location and about $10.41 million in total assets. Opened 70 years ago in 1956, KANKAKEE FEDERATION OF TEACHERS CREDIT UNION has about 1,303 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KANKAKEE FEDERATION OF TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 W Jeffery St KANKAKEE, IL 60901-4667 |
| Phone: | (815) 932-0335 |
| Fax: | (815) 932-1322 |
| Website: | https://www.kftcu.com |
| Branches: | 1 branch locations |
| Members: | 1,303 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60198 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,405,108 |
| CEO/Manager: | Jennifer Conn |
| Chairperson: | Marion Jackson, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 680,200 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 546,308 |
| Other Loans | 6,812,986 |
| TOTAL LOANS | 7,359,293 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,943 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 92,726 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,405,108 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,582 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,333 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,658,257 |
| All Other Shares & Deposits | 4,370,206 |
| TOTAL SHARES & DEPOSITS | 9,028,462 |
| TOTAL LIABILITIES | 9,087,377 |
| Regular Reserve | 0 |
| Other Reserves | 625,000 |
| Undivided Earnings | 692,731 |
| TOTAL EQUITY | 1,317,731 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,405,108 |
| INCOME & EXPENSE | |
| Loan Income | 337,977 |
| Investment Income | 75,890 |
| Other Income | 5 |
| Total Employee Compensation & Benefits | 60,789 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 62,911 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 177,551 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 123,347 |
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