Dec, 31, 2023 — KINGSPORT PRESS CREDIT UNION is a federally insured state chartered credit union headquartered in KINGSPORT, TN with 3 branch locations and about $80.32 million in total assets. Opened 94 years ago in 1930, KINGSPORT PRESS CREDIT UNION has about 7,314 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KINGSPORT PRESS CREDIT UNION |
|---|---|
| Address: (Main Office) | 528 W Center St KINGSPORT, TN 37660-3660 |
| Phone: | (423) 378-9292 |
| Fax: | (423) 378-5424 |
| Website: | https://www.kpcu.org |
| Branches: | 3 branch locations |
| Members: | 7,314 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68104 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $80,324,321 |
| CEO/Manager: | Walter Salyers |
| Chairperson: | Christine Grant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,155,411 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,191,787 |
| Unsecured Loans | 3,704,328 |
| Other Loans | 17,987,110 |
| TOTAL LOANS | 56,883,225 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -332,000 |
| Land And Building | 2,159,444 |
| Other Fixed Assets | 86,639 |
| NCUSIF Deposit | 688,270 |
| All Other Assets | 0 |
| TOTAL ASSETS | 80,324,321 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 347,279 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,724,738 |
| Regular shares | 23,681,244 |
| All Other Shares & Deposits | 34,021,215 |
| TOTAL SHARES & DEPOSITS | 68,427,197 |
| TOTAL LIABILITIES | 68,774,476 |
| Regular Reserve | 0 |
| Other Reserves | -34,882 |
| Undivided Earnings | 11,584,727 |
| TOTAL EQUITY | 11,549,845 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 80,324,321 |
| INCOME & EXPENSE | |
| Loan Income | 2,619,170 |
| Investment Income | 619,740 |
| Other Income | 1,014,026 |
| Total Employee Compensation & Benefits | 1,067,261 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,184,314 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 91,363 |
| Cost of Funds | 769,539 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,327,786 |
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