Dec, 31, 2023 — KIMBERLY CLARK CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 1 branch location and about $134.93 million in total assets. Opened 53 years ago in 1971, KIMBERLY CLARK CREDIT UNION has about 10,779 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KIMBERLY CLARK CREDIT UNION |
|---|---|
| Address: (Main Office) | 1520 N 2nd St MEMPHIS, TN 38107-1004 |
| Phone: | (901) 521-4646 |
| Fax: | (901) 521-4644 |
| Website: | https://www.kimberlyclarkcu.org |
| Branches: | 1 branch locations |
| Members: | 10,779 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60928 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $134,933,119 |
| CEO/Manager: | Joel C Forbess |
| Chairperson: | Keith D Bingham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,405,942 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,608,162 |
| Unsecured Loans | 10,958,268 |
| Other Loans | 58,813,172 |
| TOTAL LOANS | 88,379,602 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,313,871 |
| Land And Building | 133,419 |
| Other Fixed Assets | 42,665 |
| NCUSIF Deposit | 954,671 |
| All Other Assets | 92,035 |
| TOTAL ASSETS | 134,933,119 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,238,865 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,162,165 |
| Regular shares | 38,347,781 |
| All Other Shares & Deposits | 56,233,368 |
| TOTAL SHARES & DEPOSITS | 102,743,314 |
| TOTAL LIABILITIES | 103,982,179 |
| Regular Reserve | 0 |
| Other Reserves | 4,545,000 |
| Undivided Earnings | 26,405,940 |
| TOTAL EQUITY | 30,950,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,933,119 |
| INCOME & EXPENSE | |
| Loan Income | 5,221,931 |
| Investment Income | 1,360,086 |
| Other Income | 412,023 |
| Total Employee Compensation & Benefits | 2,473,611 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,084,163 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 425,000 |
| Cost of Funds | 1,968,107 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 755,807 |
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