Sep, 30, 2025 — TRANSCEND CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 6 branch locations and about $557.24 million in total assets. Opened 92 years ago in 1934, TRANSCEND CREDIT UNION has about 49,615 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRANSCEND CREDIT UNION |
|---|---|
| Address: (Main Office) | 3740 Bardstown Rd LOUISVILLE, KY 40218-2209 |
| Phone: | (502) 459-3000 |
| Fax: | |
| Website: | https://www.transcendcu.com |
| Branches: | 6 branch locations |
| Members: | 49,615 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68666 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $557,242,539 |
| CEO/Manager: | Richard Reese |
| Chairperson: | Mark Booker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,192,677 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 123,727,763 |
| Unsecured Loans | 16,383,689 |
| Other Loans | 271,251,524 |
| TOTAL LOANS | 411,362,976 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -777,077 |
| Land And Building | 12,228,955 |
| Other Fixed Assets | 1,088,006 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,920,410 |
| All Other Assets | 0 |
| TOTAL ASSETS | 557,242,539 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,363 |
| Notes & Interest Payable | 23,000,000 |
| Accounts Payable & Other Liabilities | 4,098,805 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 68,595,538 |
| Regular shares | 167,058,227 |
| All Other Shares & Deposits | 221,366,201 |
| TOTAL SHARES & DEPOSITS | 457,019,966 |
| TOTAL LIABILITIES | 484,122,134 |
| Regular Reserve | 0 |
| Other Reserves | 3,988,208 |
| Undivided Earnings | 69,132,197 |
| TOTAL EQUITY | 73,120,405 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 557,242,539 |
| INCOME & EXPENSE | |
| Loan Income | 16,041,445 |
| Investment Income | 4,154,578 |
| Other Income | 2,444,669 |
| Total Employee Compensation & Benefits | 6,161,930 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,666,736 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 754,497 |
| Cost of Funds | 8,494,332 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,515,957 |
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