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TRANSCEND CREDIT UNION

Mar, 31, 2021 — TRANSCEND CREDIT UNION is a federally insured state chartered credit union headquartered in Louisville, KY with 6 branch locations and about $480.27 million in total assets. Opened 87 years ago in 1934, TRANSCEND CREDIT UNION has about 49,693 members and employs 71 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)
P. O. Box 18303
Louisville, KY 40261-0303
Phone:(502) 459-3000
Fax:
Website:http://www.transcendcu.com
Branches:6 branch locations
Members:49,693
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$480,268,600
CEO/Manager:Richard Reese
Chairperson:Mark Booker

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Micro Business Loans
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 79,496,074
TOTAL INVESTMENTS 68,268,046
Loans Held for Sale 0
 
 Real Estate Loans 96,725,593
 Unsecured Loans 14,032,882
 Other Loans 194,417,768
 TOTAL LOANS 305,176,243
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -768,372
 Land And Building 12,677,003
 Other Fixed Assets 1,508,723
 NCUSIF Deposit 3,846,508
 All Other Assets 10,064,375
  TOTAL ASSETS 480,268,600
LIABILITIES & CAPITAL:  
 Dividends Payable 261
 Notes & Interest Payable 7,717,242
 Accounts Payable & Other Liabilities 4,469,960
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 71,847,054
 Regular shares 167,175,633
 All Other Shares & Deposits 172,807,341
  TOTAL SHARES & DEPOSITS 411,830,028
  TOTAL LIABILITIES 424,017,491
 Regular Reserve 3,942,861
 Other Reserves 16,603
 Undivided Earnings 52,291,645
  TOTAL EQUITY 56,251,109
  TOTAL LIABILITIES, SHARES, & EQUITY 480,268,600
INCOME & EXPENSE  
 Loan Income 2,773,970
 Investment Income 159,644
 Other Income 712,660
 Total Employee Compensation & Benefits 1,848,057
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,502,507
 Non-operating Income & (Expense) 52,709
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -45,412
 Cost of Funds 723,463
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 669,233
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