Dec, 31, 2023 — EXPREE CREDIT UNION is a federally insured state chartered credit union headquartered in FRANKFORT, KY with 1 branch location and about $98.51 million in total assets. Opened 86 years ago in 1938, EXPREE CREDIT UNION has about 9,131 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EXPREE CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Moore Dr FRANKFORT, KY 40601-8295 |
| Phone: | (502) 564-5597 |
| Fax: | (502) 564-2858 |
| Website: | https://www.expree.org |
| Branches: | 1 branch locations |
| Members: | 9,131 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62431 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $98,510,915 |
| CEO/Manager: | John A Graham |
| Chairperson: | Paul F Royce |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,341,947 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,903,406 |
| Unsecured Loans | 6,873,457 |
| Other Loans | 36,375,581 |
| TOTAL LOANS | 80,029,820 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -436,089 |
| Land And Building | 1,780,192 |
| Other Fixed Assets | 273,661 |
| NCUSIF Deposit | 794,212 |
| All Other Assets | 0 |
| TOTAL ASSETS | 98,510,915 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,320,335 |
| Accounts Payable & Other Liabilities | 617,216 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,055,919 |
| Regular shares | 27,483,021 |
| All Other Shares & Deposits | 46,358,316 |
| TOTAL SHARES & DEPOSITS | 84,897,256 |
| TOTAL LIABILITIES | 87,834,807 |
| Regular Reserve | 0 |
| Other Reserves | 95,548 |
| Undivided Earnings | 10,580,560 |
| TOTAL EQUITY | 10,676,108 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,510,915 |
| INCOME & EXPENSE | |
| Loan Income | 4,674,296 |
| Investment Income | 408,253 |
| Other Income | 953,783 |
| Total Employee Compensation & Benefits | 2,028,755 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,274,623 |
| Non-operating Income & (Expense) | 19 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,062 |
| Cost of Funds | 1,317,042 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,066,525 |
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