Dec, 31, 2023 — KRD FEDERAL CREDIT UNION is a federal credit union headquartered in MCCOOK, NE with 1 branch location and about $24.60 million in total assets. Opened 75 years ago in 1949, KRD FEDERAL CREDIT UNION has about 2,530 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: | KRD FEDERAL CREDIT UNION |
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Address: (Main Office) | 1001 W B St MCCOOK, NE 69001 |
Phone: | (308) 345-7040 |
Fax: | (308) 345-7050 |
Website: | https://www.midwestlibertyfcu.org |
Branches: | 1 branch locations |
Members: | 2,530 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6466 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,596,601 |
CEO/Manager: | Sarah M Renner |
Chairperson: | Dari Olson |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,538,070 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 869,122 |
Unsecured Loans | 1,719,769 |
Other Loans | 15,747,523 |
TOTAL LOANS | 18,336,413 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -214,909 |
Land And Building | 435,546 |
Other Fixed Assets | 110,196 |
NCUSIF Deposit | 168,040 |
All Other Assets | 0 |
TOTAL ASSETS | 24,596,601 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 47,138 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,579,144 |
Regular shares | 10,041,918 |
All Other Shares & Deposits | 9,226,286 |
TOTAL SHARES & DEPOSITS | 21,847,347 |
TOTAL LIABILITIES | 21,894,485 |
Regular Reserve | 0 |
Other Reserves | 1,725,994 |
Undivided Earnings | 976,122 |
TOTAL EQUITY | 2,702,116 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,596,601 |
INCOME & EXPENSE | |
Loan Income | 1,122,905 |
Investment Income | 75,133 |
Other Income | 192,641 |
Total Employee Compensation & Benefits | 291,248 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 729,658 |
Non-operating Income & (Expense) | 73 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 132,000 |
Cost of Funds | 243,367 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 90,215 |
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» See also Statement of Financial Condition