Jun, 30, 2024 — KEMBA LOUISVILLE CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 1 branch location and about $63.59 million in total assets. Opened 90 years ago in 1934, KEMBA LOUISVILLE CREDIT UNION has about 4,602 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KEMBA LOUISVILLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 4017 Poplar Level Rd LOUISVILLE, KY 40213-1523 |
| Phone: | (502) 459-1411 |
| Fax: | (502) 459-4528 |
| Website: | https://kembaky.org |
| Branches: | 1 branch locations |
| Members: | 4,602 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62358 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $63,592,285 |
| CEO/Manager: | Timothy A Head |
| Chairperson: | Mark A Edwards |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,479,330 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,666,439 |
| Unsecured Loans | 2,390,808 |
| Other Loans | 8,128,677 |
| TOTAL LOANS | 13,185,924 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,132 |
| Land And Building | 299,466 |
| Other Fixed Assets | 65,837 |
| NCUSIF Deposit | 491,991 |
| All Other Assets | 0 |
| TOTAL ASSETS | 63,592,285 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,150 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 917,807 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,815,172 |
| Regular shares | 29,396,369 |
| All Other Shares & Deposits | 11,102,522 |
| TOTAL SHARES & DEPOSITS | 51,314,063 |
| TOTAL LIABILITIES | 52,241,020 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,351,265 |
| TOTAL EQUITY | 11,351,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 63,592,285 |
| INCOME & EXPENSE | |
| Loan Income | 705,088 |
| Investment Income | 317,655 |
| Other Income | 253,122 |
| Total Employee Compensation & Benefits | 502,294 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 639,353 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 63,896 |
| Cost of Funds | 92,503 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 301,469 |
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