Jun, 30, 2024 — LOUISVILLE FEDERAL CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $35.45 million in total assets. Opened 100 years ago in 1924, LOUISVILLE FEDERAL CREDIT UNION has about 2,525 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOUISVILLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1420 Gardiner Ln Rm 66 LOUISVILLE, KY 40231-8900 |
| Phone: | (502) 458-2681 |
| Fax: | (502) 458-2682 |
| Website: | https://www.louisvillefcu.com |
| Branches: | 2 branch locations |
| Members: | 2,525 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62433 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1924 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $35,452,095 |
| CEO/Manager: | Mike Hovekamp |
| Chairperson: | Donna M Peak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,000,502 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,088,195 |
| Unsecured Loans | 658,824 |
| Other Loans | 4,969,738 |
| TOTAL LOANS | 10,716,757 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,628 |
| Land And Building | 0 |
| Other Fixed Assets | 17,380 |
| NCUSIF Deposit | 275,688 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,452,095 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,988 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 221,770 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,817,259 |
| Regular shares | 19,261,424 |
| All Other Shares & Deposits | 5,248,868 |
| TOTAL SHARES & DEPOSITS | 28,327,551 |
| TOTAL LIABILITIES | 28,554,309 |
| Regular Reserve | 0 |
| Other Reserves | 1,020,000 |
| Undivided Earnings | 5,877,786 |
| TOTAL EQUITY | 6,897,786 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,452,095 |
| INCOME & EXPENSE | |
| Loan Income | 353,011 |
| Investment Income | 192,184 |
| Other Income | 24,989 |
| Total Employee Compensation & Benefits | 276,847 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 184,998 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,557 |
| Cost of Funds | 58,035 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 196,409 |
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