Jun, 30, 2024 — K.C. AREA CREDIT UNION is a federally insured state chartered credit union headquartered in KANSAS CITY, MO with 2 branch locations and about $12.57 million in total assets. Opened 79 years ago in 1946, K.C. AREA CREDIT UNION has about 2,239 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | K.C. AREA CREDIT UNION |
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Address: (Main Office) | PO BOX 15566 KANSAS CITY, MO 64106 |
Phone: | (816) 936-5050 |
Fax: | (816) 936-5060 |
Website: | https://www.kcareacu.com |
Branches: | 2 branch locations |
Members: | 2,239 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64939 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,569,593 |
CEO/Manager: | Elisha Churchill |
Chairperson: | Josef Gunter |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,511,623 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,004,712 |
Other Loans | 4,334,215 |
TOTAL LOANS | 5,338,927 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,533 |
Land And Building | 0 |
Other Fixed Assets | 115,200 |
NCUSIF Deposit | 106,018 |
All Other Assets | 0 |
TOTAL ASSETS | 12,569,593 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 657 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 81,914 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,913,414 |
Regular shares | 8,741,032 |
All Other Shares & Deposits | 150,368 |
TOTAL SHARES & DEPOSITS | 10,804,814 |
TOTAL LIABILITIES | 10,887,385 |
Regular Reserve | 0 |
Other Reserves | 1,113,923 |
Undivided Earnings | 568,285 |
TOTAL EQUITY | 1,682,208 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,569,593 |
INCOME & EXPENSE | |
Loan Income | 239,749 |
Investment Income | 38,218 |
Other Income | 59,688 |
Total Employee Compensation & Benefits | 175,147 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 200,641 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,643 |
Cost of Funds | 1,846 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -18,705 |
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