Dec, 31, 2023 — KASKASKIA VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in CENTRALIA, IL with 3 branch locations and about $26.65 million in total assets. Opened 42 years ago in 1982, KASKASKIA VALLEY CREDIT UNION has about 3,572 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KASKASKIA VALLEY CREDIT UNION |
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Address: (Main Office) | 401 S Poplar St CENTRALIA, IL 62801 |
Phone: | (618) 533-6681 |
Fax: | (618) 533-6601 |
Website: | https://mykvccu.org |
Branches: | 3 branch locations |
Members: | 3,572 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65988 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1982 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $26,651,816 |
CEO/Manager: | Kimberly G Hocking |
Chairperson: | Gary L Robinson |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,179,001 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,025,839 |
Unsecured Loans | 2,041,857 |
Other Loans | 13,435,765 |
TOTAL LOANS | 16,503,460 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,052 |
Land And Building | 942,962 |
Other Fixed Assets | 42,378 |
NCUSIF Deposit | 243,821 |
All Other Assets | 0 |
TOTAL ASSETS | 26,651,816 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 40 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 314,948 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,057,893 |
Regular shares | 18,116,231 |
All Other Shares & Deposits | 726,267 |
TOTAL SHARES & DEPOSITS | 23,900,391 |
TOTAL LIABILITIES | 24,215,379 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,436,437 |
TOTAL EQUITY | 2,436,437 |
TOTAL LIABILITIES, SHARES, & EQUITY | 26,651,816 |
INCOME & EXPENSE | |
Loan Income | 859,136 |
Investment Income | 382,881 |
Other Income | 496,477 |
Total Employee Compensation & Benefits | 494,174 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 882,296 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,078 |
Cost of Funds | 20,387 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 319,150 |
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» See also Statement of Financial Condition