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KONE EMPLOYEES CREDIT UNION

Mar, 31, 2021 — KONE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 1 branch location and about $23.21 million in total assets. Opened 68 years ago in 1953, KONE EMPLOYEES CREDIT UNION has about 1,859 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:KONE EMPLOYEES CREDIT UNION
Address:
(Main Office)
4502 27TH ST STE K
MOLINE, IL 61265
Phone:(309) 736-6461
Fax:(309) 757-0037
Website:http://www.konecu.com
Branches:1 branch locations
Members:1,859
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60855
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$23,214,573
CEO/Manager:Connie K McGinn
Chairperson:Terry Thomasson

Call Report

  • Overdraft Lines of Credit
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,032,844
TOTAL INVESTMENTS 12,870,509
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,891,965
 Other Loans 5,738,014
 TOTAL LOANS 7,629,979
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,461
 Land And Building 0
 Other Fixed Assets 40,148
 NCUSIF Deposit 168,571
 All Other Assets 516,983
  TOTAL ASSETS 23,214,573
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,870
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,784,845
 Regular shares 12,645,907
 All Other Shares & Deposits 4,833,750
  TOTAL SHARES & DEPOSITS 20,264,502
  TOTAL LIABILITIES 20,288,372
 Regular Reserve 596,164
 Other Reserves 412,401
 Undivided Earnings 1,917,636
  TOTAL EQUITY 2,926,201
  TOTAL LIABILITIES, SHARES, & EQUITY 23,214,573
INCOME & EXPENSE  
 Loan Income 104,084
 Investment Income 48,315
 Other Income 6,869
 Total Employee Compensation & Benefits 68,143
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 86,675
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,534
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,934
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