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LOUISVILLE FEDERAL CREDIT UNION

Sep, 30, 2021 — LOUISVILLE FEDERAL CREDIT UNION is a federally insured state chartered credit union headquartered in Louisville, KY with 2 branch locations and about $35.51 million in total assets. Opened 97 years ago in 1924, LOUISVILLE FEDERAL CREDIT UNION has about 2,601 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.


ABA Routing Number: 283079311
Name:LOUISVILLE FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 33303
Louisville, KY 40232-3303
Phone:(502) 458-2681
Fax:(502) 458-2682
Website:http://www.louisvillefcu.com
Branches:2 branch locations
Members:2,601
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$35,507,455
CEO/Manager:Mike Hovekamp
Chairperson:Donna M Peak

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 840,483
TOTAL INVESTMENTS 22,391,994
Loans Held for Sale 0
 
 Real Estate Loans 5,516,329
 Unsecured Loans 771,681
 Other Loans 4,996,183
 TOTAL LOANS 11,284,193
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,933
 Land And Building 0
 Other Fixed Assets 35,218
 NCUSIF Deposit 283,834
 All Other Assets 689,666
  TOTAL ASSETS 35,507,455
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 230,909
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,609,229
 Regular shares 19,334,769
 All Other Shares & Deposits 5,702,402
  TOTAL SHARES & DEPOSITS 28,646,400
  TOTAL LIABILITIES 28,877,309
 Regular Reserve 1,020,000
 Other Reserves 0
 Undivided Earnings 5,610,146
  TOTAL EQUITY 6,630,146
  TOTAL LIABILITIES, SHARES, & EQUITY 35,507,455
INCOME & EXPENSE  
 Loan Income 389,376
 Investment Income 165,037
 Other Income 16,112
 Total Employee Compensation & Benefits 272,417
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 196,921
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -25,949
 Cost of Funds 77,279
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 103,792
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